Tuesday, June 2, 2020

Fed intervened in financial system starting in September 2019 and hasn't reported why

https://wallstreetonparade.com/2020/05/u-s-debt-crisis-comes-into-view-as-feds-balance-sheet-explodes-past-7-trillion/

 

“The Chairman of the Federal Reserve, Jerome Powell, promised months ago to report to the American people on what caused the need for the Fed’s intervention in the repo loan market on September 17 and what necessitated it to remain as the lender of last resort in that market for all these past months. The Fed has failed to release any such report.”

 

This article also summarized the Fed’s Balance Sheet, which now total $7 trillion.

 

Charlie Cooper

H: 410-578-8291

M: 410-624-6095

Get Money Out – Maryland (GMOM)

 “We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” – Louis Brandeis

 

 

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