Anybody who really understands the reverse repo facility and/or the banking business/fractional reserve:
How may the banks presumably report dangerous earnings tomorrow? Reserve necessities have been lowered to $0 and $2.2 trillion has been within the RRP paying 4% (lots of of thousands and thousands each evening) https://fred.stlouisfed.org/sequence/RRPONTSYD
With the elimination of fractional reserve and the RRP hasn’t the system been structured particularly for banks to revenue?