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What does this tell you?Why has it been necessary for the New York Fed to repay these "cumulative" loans since last September?You think $1 million loaned tonight, repaid tomorrow morning, re-loaned tomorrow night repaid Monday morning, re-loaned Monday night and repaid Tuesday morning is "Increasing or increased in quantity"?
These Are the Banks that Own the New York Fed and Its Money Button
"The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained.
"In addition, it has launched a new asset purchase program, buying up $60 billion each month in U.S. Treasury bills.
"Based on the continuing escalation of its plans, it appears to be testing the limits of what the public will tolerate.
"We thought it was time to answer the question: who exactly owns the New York Fed and its magical money spigot that can pump trillions of dollars into Wall Street at the press of a button."
Why has it been necessary for the New York Fed to repay these "cumulative" loans since last September?
You're so clueless. The Fed is loaning, not repaying.
"We thought it was time to answer the question: who exactly owns the New York Fed
The Fed is part of the Federal government.
New York Fed Has Allowed Dangerous Wall Street Banks to Have Lower Loan Loss Reserves than at time of 2008 Crash