> And so, while it remains unclear what the Fed's decision is on this matter, and whether they, along with the other agencies, will, in fact, change the ratios and classifications of US Treasures to appease the banks.

Fed is clueless at this point of time, imo.

Coinsreporter

siggy47

Thanks for sharing Siggy. 

I enjoyed his recent appearance on WBD along with Eric Yakes. 

grayruby

econ

For those still following along, here is part 3 of Lavish's explanation. If you didn't read the first two, that's okay, because he includes a good tldr. 

This installment explains how crazy the letter is :


> Bottom line: the ISDA Letter seeks to reclassify US Treasuries from risk assets to risk-free assets.


> Their argument?

> "...to preserve the resilience of the U.S. Treasury markets and the U.S. economy and financial system."

> They are basically petitioning to remove them from the calculations, permanently.

