MorganFreemanKing
Ouchea
- i guess we could start with explaining wtf a "reverse repo" facility does.
- A reverse repo is a short-term agreement to purchase securities in order to sell them back at a slightly higher price.
- seems like a similar concept as a hedge fund if i'm not mistaken.
- What i don't get out of this story is what it means to "park" funds at such an institution.
- Did this facility make the one trill from the initial sales of the stocks?
-Or are the feds sotring this money for the facilities to make these purchases?