A critical consideration in taking the Federal Reserve and/or the New York Fed at their word about what is really going on is that these are the folks who secretly funneled revolving loans cumulatively totaling an astronomical $29 trillion into Wall Street banks and their foreign bank derivative counterparties from December 2007 to at least the middle of 2010… Read More The Fed’s “Emergency” Actions this Week Were Dated 48 Days Earlier

If one considers the trillions of dollars in derivatives that these banks are on the hook for, they have once again become highly leveraged and dangerous.… Read More At Press Conference, Fed Chair Powell Refuses to Answer Whether Wall Street Banks Are Too Big to Manage