Hacker News new | ask | show | jobs
by bsandbox 4586 days ago
Reminds me one of Michael Lewis' anecdotes from The Big Short. Something along the lines of one of the big Wall Street banks transferring tens of billions of dollars to the Fed by literally gathering up a set of bonds from their safe, putting them in a briefcase and giving them to a secretary and an armed guard to carry to the building across the street where the Fed had set up an impromptu office.