I don't understand why companies would take loans on a shorter term than they can repay as you would be in difficulty if you can't get another loan. Apparently the repo market is a short term loan market, some as short as 24 hrs terms which need to be rolled over each day. Interest rates jumped up dramatically and the central bank prints money to create liquidity There are several people commenting on this and it just seems to me to be interfering with the market too much and creating easy cash which I understand is generally what happens in the boom before the bust, lots of easy credit. Admittitaly I don't understand most of this but I'm wondering if its part of another GFC styled fraud.