Anyone who truly understands the reverse repo facility and/or the banking industry/fractional reserve:
How could the banks possibly report bad earnings tomorrow? Reserve requirements have been lowered to $0 and $2.2 trillion has been in the RRP paying 4% (hundreds of millions every night)
https://fred.stlouisfed.org/series/RRPONTSYD
With the elimination of fractional reserve and the RRP hasn't the system been structured specifically for banks to profit?
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