Wall Street on Parade – DIGIT INFO

Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding

DIGIT — Wed, 13 Apr 2022 21:30:28 +0000

Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion […]

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Fed Chairman Claims ‘Now Is Not the Time’ to Worry About the Federal Budget

DIGIT — Wed, 07 Oct 2020 12:00:22 +0000

According to the Federal Reserve Chairman, Jerome Powell, the road to economic recovery is far from over and the Covid-19 pandemic has fueled the tragedy. During his speech at the National Association for Business Economics annual meeting, Powell highlighted that the federal budget was essentially a disaster, but stressed that “now is not the time […]

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Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His Bags

DIGIT — Fri, 04 Sep 2020 22:55:43 +0000

In mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor’s 500-stock index touched new heights on August 18, it ‘officially’ ended the “shortest bear market in history.” Interestingly while roughly 30 to 40 million Americans face the risk of eviction, the 16th Chair of the Federal Reserve, Jerome […]

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