The Federal Reserve is quietly pumping big money into the banking system by way of the market for repurchase agreements (the repo market). In September, this sector—which connects institutions with cash to institutions in need of quick cash (short term loans)—went suddenly dry, and interest rates on short term debts spiked from around 2 percent to 10 percent. To normalize interest rates, the Fed began pumping cash into market by purchasing stagnant paper (treasury bills…
— Read on www.thestranger.com/slog/2019/12/05/42180283/government-cuts-55-billion-from-food-stamps-over-five-years-but-gives-banks-300-billion-in-only-three-months
Fuck them!