Oil production companies the banks lent to are starting to go under, and that means banks are starting to collect on assets that were put up as collateral for loans.
Show this thread
-
We asked the Fed and CFTC to take common-sense steps to make sure the banks aren’t over-exposed to risk, and can’t manipulate the market after getting new assets.
Show this thread
Our letter is partially based off criteria the Fed voted for a few years ago – including then-Governor Powell. These are commonsense solutions that help make sure we’re not putting our economy and markets at risk.https://bit.ly/2xxJDp9
