Member Video #20: Expanding Collateral
The age of repo was, like the ascendance of the overall eurodollar system it operated within, a confluence of many favorable factors and developments. Regulations spurring innovation. Technology. Even the huge government deficits of the early days supplying ample UST collateral. Having put together all the tools, when the federal government began cutting back on USTs the eurodollar system would not be held back.
