2 ms·
It really makes no sense. The bank's "cash" is really just database entries with the Fed anyway, why not loan the money to the Fed overnight (reverse repo) at 5
by ericpauley 4y ago
It really makes no sense. The bank's "cash" is really just database entries with the Fed anyway, why not loan the money to the Fed overnight (reverse repo) at 5%? The reason GP's dream doesn't exist is because MMs do effectively the same thing and pay you.