All Free: This is the real announcement: "The Fed also cut reserve requirements for thousands of banks to zero."

This is the real announcement: "The Fed also cut reserve requirements for thousands of banks to zero."

If you have been keeping up with DD here lately you should know that it's not the rate cuts or the $700B that is scary but rather this one sentence statement. This can only end well Bank runs may happen, if that's the case, then no reserves means we are completely screwed.This is the absolute worst time to instate such a policy.

Submitted March 16, 2020 at 06:58AM

All Free

This is the real announcement: "The Fed also cut reserve requirements for thousands of banks to zero."

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