Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period

Wall Street on Parade

If the Federal Reserve was looking for a media lockdown on news about the trillions of dollars in cumulative repo loans it has funneled quietly to Wall Street’s trading houses since September 17 of last year, it could not have found a better cloud cover than Donald Trump. First the impeachment proceedings bumped the Fed’s money spigot from newspaper headlines. Then, this past Friday, as the Fed released its December meeting minutes at 2:00 p.m., with its highly anticipated plans to be announced for the future of this vast money giveaway to Wall Street, that news was ignored as the media scrambled to cover Trump’s “termination” of General Qasem Soleimani, the head of Iran’s Quds Force, which raised the immediate specter of a retaliatory strike against the U.S. by Iran.

The Fed’s minutes revealed that after multiple expansions of this vast money spigot, which was previously set to lapse in January after getting the Wall Street trading houses through the year-end money crunch, instead it may be extended through April. The minutes read as follows:

Read the rest here: https://wallstreetonparade.com/2020/01/federal-reserve-admits-it-pumped-more-than-6-trillion-to-wall-street-in-recent-six-week-period/

2 thoughts on “Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period

  1. So what you’re saying is the 6 million club caused a distraction so they could pump 6 trillion MORE onto OUR tab?

  2. This was in the news 4 weeks ago.
    See, rich people who have monies to play the market right cash out around thanksgiving. The market always takes a hit in the total shares bought or sold because these people tend to travel or spend time with family. So the amount of money in play dips. This was a cash cow donation to the players that want more and ain’t got better sh!t to do.
    Hand out.
    Next.

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