Repo 105: Fooled Again?
March 20, 2010 at 17:40 PM EDT
I’m still trying to figure this Repo 105 thing out. I read an interesting article in the Financial Times: Fooled Again, but it leaves many questions unanswered. The paper version of this article has an inset called How Repo 105 Worked. Here is what it says. Banks use repurchase agreements, known as [...]