These Are the Banks that Own the New York Fed and Its Money Button
Tag: Federal Reserve Act
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.
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.)
Fed May Need to Buy Other Assets to Replenish Tool Kit, Official Says
Mr. Rosengren also suggested that the Fed should strike an “explicit agreement with the U.S. Treasury Department” to protect the central bank against losses if it were to buy a broader range of securities or assets.
— Read on archive.is/VCWEw
Ms. Cat’s Chronicles 