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The New York Fed Has Extended Its Half Trillion Dollar Bailout Facility to a Sprawling Japanese Bank You’ve Never Heard Of
by Pam Martens and Russ Martens‚ Wall St On Parade: Quietly‚ on December 1‚ the New York Fed published the following statement on its website: “The Norinchukin Bank‚ New York Branch‚ has been added to the list of Standing Repo Facility Counterparties‚ effective December 1‚ 2023.” The Standing Repo Facility (SRF) is a permanent $500 […]
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