RT @CaitlinLong_: FEDERAL RESERVE JUST BECAME A LEVERAGED LENDER, lending against collateral it values at par when that collateral may be trading at $0.60 on the dollar. So much for Bagehot's rule of central banking, lend freely against *good collateral* at penalty rate. Fed just broke w/ that🤯 https://t.co/9grRg51THI