The Net Worth Of America’s Billionaires Has Increased By More Than $400 Billion During The Pandemic

America’s billionaires saw their wealth increase by $434 billion during the course of the global pandemic, according to a new report, a staggering figure that coincided with upheaval to the global economy and more than 38 million Americans filing for unemployment… Read More The Net Worth Of America’s Billionaires Has Increased By More Than $400 Billion During The Pandemic

Taxpayers Are on the Hook for 98 Percent of the Fed’s $6.98 Trillion Balance Sheet

Considering the New York Fed is privately owned by the member banks in its region (as are all of the 12 regional Fed banks) and has run up a $3.9 trillion balance sheet, you’d be forgiven for thinking its share owners would be on the hook for any liabilities. But you’d be wrong… Read More Taxpayers Are on the Hook for 98 Percent of the Fed’s $6.98 Trillion Balance Sheet