"Liquidity crisis" 

Poster's comment:

when the FED is forced to ramp up REPO/QE/helicopter money/whatever at such pace (similar to the 2008 crisis) I tend to believe the system has (quietly crashed)) but with all the distractions and interventions behind close doors, the FED & Gov. have somehow managed to keep it afloat by propping up the market in a desperate measure to keep the illusion going................. Remember some months ago when Steven Mnuchin met with all the big Banks CEO's for a "private meeting"?  same **** when Henry Paulson, Bernanke & Geithner summoned the big banks to work out the details of the upcoming bailouts? 

https://www.zerohedge.com/markets/fed-injects-134bn-liquidity-term-repo-obersubscribed-amid-month-end-liquidity-panic