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Global Megabanks Are Tanking - The same Ones the Fed Bailed Out in 2019

Started by G.L.R., Fri 29 Apr 2022

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G.L.R.

Global Megabanks Are Tanking - The same Ones the Fed Bailed Out in 2019

April 27, 2022


Instead of meaningful reform, Congress has stood by and watched the Fed bail out the global banks repeatedly since 2008 – either with direct loans or by keeping interest rates artificially low... The Fed's balance sheet has ballooned from less than $1 trillion before the financial crisis in 2008 to $9 trillion today, as a result of its willingness to perpetually bail out Wall Street. American taxpayers are on the hook for 9 percent of the Fed's balance sheet and thus have a critical interest in demanding both transparency and accountability from the Fed.


In the fall of 2019 there was no war in Ukraine, there was no pandemic. But for still undisclosed reasons, the Fed decided to funnel trillions of dollars in cumulative repo loans to the trading units of U.S. megabanks... The Fed's repo loans stretched from September 17, 2019 through July 2, 2020. There has been an unprecedented mainstream media news blackout of this information. ... the six largest borrowers from the Fed's bailout program in the last quarter of 2019 were the trading units of Nomura, JPMorgan, Goldman Sachs, Barclays, Citigroup, and Deutsche Bank. ...


Flash forward to the present. The U.S. is now dealing, simultaneously, with a pandemic, an illegal bombing campaign and invasion of Ukraine by Russia, soaring inflation at home, and the share prices of Wall Street and foreign global banks tanking...


"Let's Go Brandon ... I agree!" :ok

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