LOL what do these Bloomberg journo morons think the Fed has been doing by reducing system Reserves by $50B/mo for the last 3 years?????
Ever take a f-ing Accounting course you unqualified assholes?????
Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash holdings have been declining https://t.co/ug3c7LTkUz pic.twitter.com/mqOXz5vn92— Bloomberg Markets (@markets) December 10, 2019