The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow August 1, 2021August 1, 2021 Tina Marie (Ms. Cat) The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow It’s like they know something else is coming, not unlike they did right before the pandemic.