The Frontman of Empire: How Bono’s “Activism” Serves the Powerful
Read More »Tag: 2008 Financial Crisis
Profit Power & Prices Marx’s Inflation Warning Today
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
By Pam Martens and Russ Martens: April 27, 2022 ~
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis.
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
“Meltdown”: How “Hope and Change” led to MAGA
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
It’s factually incorrect for the Fed Chairman to say that it can only make emergency loans with the approval of the Treasury. Months before there was any case of COVID-19 anywhere in the world the Fed was making hundreds of billions of dollars a week in emergency repo loans to Wall Street trading houses. The emergency loans started on September 17, 2019 – four months before the first reported case of COVID-19 in the United States. By January 27, 2020 the Fed’s ongoing cumulative loans to bail out Wall Street’s hubris tallied up to an astounding $6.6 trillion. (See Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash.)
[11-2020] These Are the Banks that Own the New York Fed and Its Money Button
[2017] The Problem with Steve Bannon’s Story About His Father
Nicholas Lemann dissects Steve Bannon’s claim that his father’s stock-market experience triggered his own political activism.
— Read on www.newyorker.com/news/daily-comment/the-problem-with-steve-bannons-story-about-his-father
Ms. Cat’s Chronicles 