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ENDO - The Repo Market (Liquidity Stress) Needs A Repo Man (Easing Press)
Endocan Corp
"Repo Rate" = the rate at which commercial banks can borrow money in the event of reserves/funds shortfall.
"Repo Man" = a person employed to repossess goods for which a purchaser has defaulted on payment.
Last week, the Fed lost control over the rates market, where it supposes to be in full-tight control. In case you've missed it, here's some perspective of what was happening last week in the overnight repo-rate market.
Since then, and in order to calm things down (a repo rate at 8% is unsustainable), the New York