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Thread: JPM to start using Fed discount window

  1. #1

    JPM to start using Fed discount window

    Behind paywall but the gist is JPM wants to remove the "stigma" from using the discount window.

    https://www.wsj.com/articles/jpmorga...re-11582662187

    JPMorgan Chase & Co. Chief Executive James Dimon said the bank is open to tapping the Federal Reserveís rainy-day fund, a move thatís likely to lessen the stigma associated with borrowing directly from the central bank.
    It strikes me as JPM trying to soften up markets on behalf of troubled banks that will be using the discount window soon. The history there is that banks going to the discount window were viewed as likely to fail (Lehman, Bear) and are further punished by shorts. Does this indicate failing banks soon and a genuine market crash has started?
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.



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  3. #2
    They want the cheap money to trade... and they will be risky ones as well because they're too big to fail and will get a bailout. Business must be bad for them to do this!

  4. #3
    mmt

    why I should worship the state (who apparently is the only party that can possess guns without question).
    The state's only purpose is to kill and control. Why do you worship it? - Sola_Fide

    Baptiste said.
    At which point will Americans realize that creating an unaccountable institution that is able to pass its liability on to tax-payers is immoral and attracts sociopaths?



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