The total amount of US Treasury bills, notes and bonds outstanding topped a record $25 trillion in July, per Bloomberg.
Discussion
During the reverse repo crisis of Sept. 2019 didn't we learn that the primary dealers were passing around 1.6X the number of outstanding T bills?
They can't help but to commit fraud ever second of the day... it's like playing poker with a deck of 83 cards and the dealer says, no that's just fine.
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