NOVEMBER 30, 2019NY TIMES BESTSELLING AUTHOR LAWRENCE MCDONALD Breaking: *N.Y. FED’S 42-DAY REPO OP. OVERSUBSCRIBED; $42.55B OF BIDS – Bloomberg, December 2, 2019 $42B?! Q: Who’s the Fed financing here? Leveraged loans??? Global hedge funds??? A: Fed financing lev loans: Why wouldn’t they? Easier to soak the ground now than be trying to put out the fire later (credit fund). Looking...