@tbr90 What's to stop the CCP from rug pulling US debt. Dump all treasuries and default on all US denominated debt. Encourage all other countries to do the same, provide yuan liquidity to partners as a substitute.
@balajis Umm, you're confusing the treasury with the fed.
The discount window is around ~$300B, JP Morgan estimated it will go up to $2T, but we're not there yet.
@shannonlitweets The SPY ETF takes a 0.09% fee, if instead the components were in an LP like balancer, the holder would get paid while arbitrageurs rebalance it.