The Federal Reserve Bank of New York first initiated its emergency overnight loans to Wall Street this year on Tuesday, September 17, starting off at the rate of $75 billion daily. It then increased its loans by adding, in addition to the $75 billion daily, 14-day term loans in the amount of $30 billion to be offered three times this past week. But after the demand for the first 14-day loan was more than double the $30 billion offered, the New York Fed boosted the next term loans to $60 billion and increased its overnight loans to $100 billion
The Fed Is Offering $100 Billion a Day in Emergency Loans to Unnamed Banks and Congress Is Not Curious Enough to Hold a Hearing
| Source: | https://wallstreetonparade.com/2019/09/the-fed-is-offering-100-billion-a-day-in-emergency-loans-to-unnamed-banks-and-congress-is-not-curious-enough-to-hold-a-hearing/ |
| Published: | Sep 30, 2019 |
| Author: | staff |
| Post Date: | 2019-09-30 19:22:22 by Horse |
| Views: | 613 |
#1: NeoconsNailed To: Horse (#0)
NeoconsNailed posted on 2019-09-30 19:25:43 Reply Private Reply
#2: BTP Holdings To: NeoconsNailed, Horse (#1)
It's real life helicopter money. ;)
BTP Holdings posted on 2019-09-30 19:36:21 Reply Private Reply
#3: Lod To: Horse (#0)
BTW, congress just passed legislation to allow banks and credit unions to do business with the marijuana industry.
I'm sure Trent Lott collected a fat check for that lobbying effort.
Lod posted on 2019-09-30 22:02:40 Reply Private Reply
#4: NeoconsNailed To: Lod (#3)
NeoconsNailed posted on 2019-09-30 23:35:49 Reply Private Reply
#5: Lod To: NeoconsNailed (#4)
Lod posted on 2019-10-01 00:02:02 Reply Private Reply
#6: ghostdogtxn To: Horse (#0)
ghostdogtxn posted on 2019-10-01 08:02:37 Reply Private Reply