JPM to start using Fed discount window

[devil21]

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 Reserve’s rainy-day fund, a move that’s 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?

[Warlord]

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!

[jkr]

mmt