Black Friday, 2008: The Fed started pumping billions of dollars into financial markets. The benefits, however, failed to reach Main Street, instead being guzzled by Wall Street, ex-Fed exec Andrew Huszar exclusively told RT.
Huszar, at the time the Federal Reserve official responsible for the first round of the bond-buying experiment, later publicly apologized for “the greatest backdoor Wall Street bailout of all time”… “the benefits of QE have gone to the big banks,” and not to ordinary people. Continue reading “‘Easy money’ a relief for financiers, burden for most Americans – former Fed trader”

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