Tag: Citigroup
[11-2020] These Are the Banks that Own the New York Fed and Its Money Button
“Q Anon” May Have Been an FBI Psyop & “Russian Hacking”: NATO PsyOp Revealed
Wall Street’s Felon Banks Take a Short Holiday from Financing Political Campaigns
Janet Yellen’s Cash Haul of $7 Million Is Just the Tip of the Iceberg; She Failed to Report Her Wall Street Speaking Fees from JPMorgan and Others in 2018
These Are the Very Real Dangers to the U.S. Economy of Not Issuing $2,000 Stimulus Checks
These Are the Very Real Dangers to the U.S. Economy of Not Issuing $2,000 Stimulus Checks
Until the American people understand why the Fed was bailing out Wall Street to the tune of $6 trillion in cumulative loans before the first case of COVID-19 was identified in the U.S., we are simply spectators of the barbarians at the gate rather than citizens in a representative democracy.
Congress Passed Legislation Making the Treasury Secretary the Boss of the Federal Reserve During a Financial Crisis: That’s Creating Its Own Crisis
Fed Chair Powell Opens a Big Can of Worms at His Press Conference
Fed Chair Powell Opens a Big Can of Worms at His Press Conference
What the Fed did back then, which it knows it can still do at the drop of a dime today, is to demand an adequate amount of securities as collateral from the Wall Street firms that request its emergency loans. There is zero need or rational reason to make the U.S. taxpayer backstop potential losses on Wall Street – particularly when today’s Wall Street funding problems began months before COVID-19 reared its head in the United States.
Trump Regulator Set to Consider Approving the Banking Model that Ushered in the Great Depression – Uninsured Deposits
Seven banking and credit union associations have sent a letter to the Office of the Comptroller of the Currency (OCC), the regulator of national banks in the U.S., spelling out the dangers of the OCC approving a pending bank charter that would allow a national bank to accept and hold deposits that lack federal deposit insurance. The lack of federal deposit insurance triggered the bank runs and banks collapses that played a key role in ushering in the Great Depression. (More on that in a moment.)
‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary
— “Janet Yellen’s nomination to be Treasury Secretary is a win for the establishment and a loss for progressives and modern monetary theory proponents. So far, the Biden team is mostly establishment types, which should ease the concerns of investors who feared a more leftward tilt. Although we were skeptical that Mr. Biden was going to pick Sen. Elizabeth Warren for the Treasury job, that risk has been completely removed for now.” — Brian Gardner, chief Washington policy strategist at Stifel.
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— “She is well within the orthodoxy of the economics community, and I suspect that fact along with her familiarity will lead to a largely positive response from financial markets. More broadly, from what we have seen so far, Biden appears to be mainly choosing old Democratic hands to fill his most vital Cabinet and White House posts, people from the Obama (and in some cases, even the Clinton) years. Progressives had hoped to wield major influence in the next administration, but if Biden’s personnel choices so far are any indication, he intends to govern more from what constitutes the middle of the Democratic Party today than to push the envelope far to the left.” — Stephen Stanley, chief economist at Amherst Pierpont.
Related:
The Wall Street Journal Nominates Janet Yellen as Treasury Secretary
Ms. Cat’s Chronicles 
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