It’s Not a Bailout. It’s a Technical Correction. US Federal Reserve Explains Away Trillions of Dollars

The Federal Reserve is Losing Control

It hasn’t happened since the market crash of 2008. In those days it was called a bailout. Meaning the Fed was bailing out the banks because they were all underwater. After dismantling Glass-Steagall, American banks are totally free to screw you and me, borrowing at zero percent, holding a fraction in reserve and embezzling the rest. [Read More]