Repo Expert Warns Sanctions on Russia is 'Lehman Event' Hours Away

Zoltan Poszar released a report detailing the risks in the global financial system as a result of the sanctions laid against Russian banks and their central bank. Essentially, he likened it to another Lehman event, as a major financial player is unable to make dollar or accept dollar payments. This could cause major problems that the central banks including the Federal Reserve will have to mitigate by providing ample liquidity to at risk counterparties.

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#russia #ukraine #sanctions #war #zoltan