Fed to let banks use some muni bonds to meet liquidity requirements

[Banjo]

Further down the rabbit hole.

http://www.marketwatch.com/story/fe...nds-to-meet-liquidity-requirements-2015-05-21

 

[zdreg]

Further down the rabbit hole.

http://www.marketwatch.com/story/fe...nds-to-meet-liquidity-requirements-2015-05-21

start to sing Argentinian music with your banjo for that is where the US is headed.
this is exactly one of the steps that bankrupt countries take in desperation.

 

[Sergio77]

This is the signal that something is going wrong.

 

[zdreg]

http://www.nytimes.com/2015/05/26/us/politics/illinois-pension-crisis.html?_r=0
Illinois’s problems resonate well beyond its borders. Pennsylvania, New Jersey and Kentucky are among the states confronting similar problems

anybody want to bet that the banks will NOT be crammed with municipal paper from all those states upon orders from Washington thereby creating a banking crisis on top of state financial crises?