"Wall Street Banks Have an Alibi for their $11.23 Trillion
in Emergency Repo Loans from the Fed – It’s a Doozy"
by Pam Martens and Russ Martens
"From September 17, 2019 through July 2, 2020, the trading units of the Wall Street megabanks (both domestic and foreign) took a cumulative total of $11.23 trillion in emergency repo loans from the Federal Reserve. The loans were conducted by one of the 12 regional Fed banks, the Federal Reserve Bank of New York – which is literally owned by megabanks, including JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley and others."
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So, while you lose your jobs and homes,
these psychopaths get $11.23 TRILLION in 9 months...
And don't hold your breath waiting for it, it's never coming...Why?
Strong language alert!
George Carlin, "The Big Club"l
"It's a Big Club and you ain't in it. You and I are not in the Big Club."