Friday, April 17, 2020 3:51:57 PM
In what dystopian banking system from hell would that make any sense – especially given the fact that it was derivatives that blew up the Wall Street banks in 2008 and required a $29 trillion secret feeding tube from the Federal Reserve that lasted from December 2007 to July 2010. Instead of reforming the structure of the U.S. banking sector, the Federal Reserve has simply gone on a decade-long road show telling the world that our banks are “highly capitalized.” Congress has been equally missing in action.
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