CNN Early Start with Christine Romans and Dave Briggs October 23, 2019 09:14:00
It lets banks and hedge funds borrow cheaply for short periods of times. it showed the financial market was broken. the feds stepped in, pumped in a whole bunch of cash. elizabeth warren is worried the industry is going to use this as way to try to deregulate. some officials and analysts i'm talking to are blaming the post crisis rules. it makes banks have easily tradeable securities. so warren sent this letter. she said to steven mnuchin, she said banks are reporting profits at record levels and it would be painfully ironic if this unexplained pro chaos in a small corner of the banking market...