Federal Reserve Quietly Injects Billions into Major Banks Amid Cash Shortages
By
scythe
Baker's choice. Dense with flavour, light on filler.
Summary
The article reports on evidence found in Federal Reserve documents showing that major U.S. banks are experiencing cash shortages, with the Federal Reserve quietly injecting tens of billions of dollars into these institutions without public announcement. The analysis suggests this could signal another potential Wall Street bailout and economic recession, with policy changes allowing unlimited cash injections to "Too Big to Fail" banks.
Key quotes
· 4 pulledFor the past two months the Federal Reserve has been silently injecting tens of billions of dollars of cash into banks. No one announced this.
Ominous signs that at least one of America's 'Too Big to Fail' banks is yet again seriously short of cash emerged this weekend in documents examined by James Henry, DCReport's economics correspondent.
Henry found the evidence in public records that few, if any, Wall Street journalists consult, but that we routinely review at DCReport.
The NYFed has quietly injected tens of billions into major banks—now with no limit. Unreported policy changes raise fears of another Wall Street bailout.
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