U.S. Bank Lending Crisis is Not a “Temporary Hiccup” – BIS

from GoldCore

– U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report

– The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen over $3 trillion pumped into the U.S. banking system suggests that there is a very serious structural problem at the heart of the U.S. financial system

– Hedge funds exacerbated the turmoil in the repo market with their thirst for borrowing cash to juice up returns on their trades.

Continue Reading at News.GoldCore.com…