Monday, March 31, 2014

$242 Billion: That Is How Much Record "Window Dressing" Banks Got Today Thanks To The Fed

The bank bailouts are never-ending and far exceed official data.  The Fed and US Treasury have been operating "Perpetual Bank Bailouts" to the tune of at least $17 trillion since the 2008 financial crisis--not the reported several trillion.  The Fed's "trading desk" not only bails out domestic banks, but they also bail out foreign banks via currency swaps.  Our federal government and treasury are bankrupt, so they borrow more money to pay off old debts.  A 3rd grader would know this will not end well.

No comments:

Post a Comment