, 3 tweets, 1 min read
JP Morgan has taken on $52 Billion in cash/new capital from the Fed in 3 days. That is 22% of JP Morgan's total market cap... in 3 days. The world's largest investment bank, needing $12.5 Billion every day, printed by The Fed, to provide cash on books....
22% of JP Morgan's total market cap... in 3 days. The world's largest investment bank, needing $12.5 Billion every day, printed by The Fed, to provide cash on books.... wow. Don’t look here that’s totally normal. cont
3. In 2007, the initial bid from Lehman Brothers for overnight capital lending help from The Fed was $620 Million. Six Days later a 120 year old company, 11,200 employees, 8.9 Million investors, worth $14 Billion in market capt...was gone. 1st sign?overnight REPOs from The Fed
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