So other than seeing the headlines and glancing over the stuff when it started happening back in September, I didn't think much of it. Then I read an article on WolfStreet, and in the comments section, someone stated that Powell had to recapture the repo market because the higher rates might have meant that all the bonds were actually mispriced. This seemed like an interesting point. Then just yesterday, @comagnum made a post with a link to a video about a recession in 2020, but as a result of watching that video, I watched a few more by the author who talked in great detail about the repo market. Here are two videos that were particularly interesting. So my mind is now a bit blown. The fact that this repo issue isn't isolated to just a few days makes you really wonder what is going on. Furthermore, the fact that they are throwing huge sums of money at it is yet another red flag. As George outlines, if what's behind all this is a bad bank, this could very well have major ramifications going forward. I'd of course love to read different opinions on this, because it seems like this can easily be a trigger for a major problem. All the facts George presents seem solid enough, so his conclusion is certainly within the realm of possibility. And I think we can all agree that if one one those big banks go down, the fear and lack of trust can easily lead to a major problem.