U.S. Treasury market to be under intense scrutiny in Biden administration
“The functioning of the $20 trillion U.S. Treasury market is set to come under intense scrutiny by President-elect Joe Biden’s regulators, after seizing-up amid rising pandemic fears in March and threatening the stability of the broader financial system.”
USAGOLD note: At the time of the first signs of trouble back in March, we were told that the markets had a liquidity problem – a sniffle that needn’t be addressed with ordinary caution and care. Later, we found out the financial system was once again in the throes of a crisis – a $1.6 trillion crisis according to this report …… and apparently a crisis that has not simply gone away. Now, the Biden administration is going to investigate what happened and decide upon what new measures, if any, need to be introduced. Never let a good crisis go to waste, as Machiavelli (image left) instructed us – even if nearly a year after the fact.
Repost from 12-17-2020