This article talks about a few factors that have created this crisis: https://www.nakedcapitalism.com/2019/09/the-fed-has-not-covered-itself-in-glory-fed-funds-

This article talks about a few factors that have created this crisis: https://www.nakedcapitalism.com/2019/09/the-fed-has-not-covered-itself-in-glory-fed-funds-edition.html https://www.nakedcapitalism.com/2019/09/the-fed-has-not-cove... "What were they thinking?" indeed.