Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent
Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period
By Pam Martens and Russ Martens: January 6, 2020 ~
New York Fed Headquarters Building in Lower Manhattan
New York Fed Headquarters Building in Lower Manhattan
If the Federal Reserve was looking for a media lockdown on news about the trillions of dollars in cumulative repo loans it has funneled quietly to Wall Street’s trading houses since September 17 of last year, it could not have found a better cloud cover than Donald Trump. First the impeachment proceedings bumped the Fed’s money spigot from newspaper headlines. Then, this past Friday, as the Fed released its December meeting minutes at 2:00 p.m., with its highly anticipated plans to be announced for the future of this vast money giveaway to Wall Street, that news was ignored as the media scrambled to cover Trump’s “termination” of General Qasem Soleimani, the head of Iran’s Quds Force, which raised the immediate specter of a retaliatory strike against the U.S. by Iran.