The Fed has $48T in Secret Repos in 2020

[Moonglow]

Who?

The banks.

 

[sparky]

Well, I'm at a loss for words here

If this is correct, well, these things never end well....

"“How many repos are we talking [about]?” the author of the report asks. “According to term-adjusted cumulative totals, the Fed extended $19.87 trillion in repo loans to the trading arms of Wall Street and foreign megabanks in Q4 of 2019 alone. And then, the Fed pumped another $28.06 trillion more repo loans in Q1 of 2020. That comes to a mind-boggling, astronomical $47.93 trillion in repo bailouts,” the Occupy the Fed researcher’s report adds.:

Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding – Bitcoin News

Frank, could you plz give us the cliff notes version ???? ~S~

 

[Toddsterpatriot]

The banks.

What does that have to do with taxpayers being on the hook for repos?

 

[The Irish Ram]

This went on during Trump, wake the fuck up.

I'm wide awake. Biden is killing this country. We want Trump back. What was going on during his watch was affordable gas, food and heat. No shortages, no empty shelves. No Russian invasions, no Russian collusion, no Ukraine collusion, no China collusion, no gifts to Iran. We had low unemployment, good jobs, and a rising GDP. Tax cuts gave us an extra 5,200 in our pockets under Trump. Obiden's handler wants to tax us to death.

My university groomed daughter just bought a house and entered the real world. She wasn't counting on her bills tripling, or gas and food going through the roof when she voted last time. She "woke" up alright, and will be voting differently this time around...

 

[CrusaderFrank]

They're over collateralized. And you still didn't explain how the taxpayer is on the hook.

Who do you think backs the Fed?

 

[CrusaderFrank]

Frank, could you plz give us the cliff notes version ???? ~S~

The Federal Reserve loaned Trillions of dollars to banks and didn't bother telling anybody about it

 

[toobfreak]

Can you imagine how good our lives would be if the government let us keep our money?

If they did, we all could afford second homes.

 

[Toddsterpatriot]

Who do you think backs the Fed?

Backs the Fed for what?

 

[Toddsterpatriot]

The Federal Reserve loaned Trillions of dollars to banks and didn't bother telling anybody about it

And then the loans were repaid.
And the profit was turned over to the US Treasury.

 

[Dekster]

I am convinced that only one poster in this thread so far understands what the repo market is. The fed does these short term overnight loans quite regularly these days. $48T in a single quarter is nothing. It has been known to loan a couple trillion overnight in a single day.

 

[Admiral Rockwell Tory]

The Fed gives the banks cash, the banks had the Fed a note saying I'll back this back from you tomorrow, or when ever for 1.005% of the face value

One again, try your post again in English!

 

[Admiral Rockwell Tory]

Frank, could you plz give us the cliff notes version ???? ~S~

He doesn't know the full length version, much less able to give a cliff notes version.

 

[CrusaderFrank]

One again, try your post again in English!

Stay out of the thread

 

[Admiral Rockwell Tory]

Stay out of the thread

Fuck you, you ignorant piece of shit! You cannot tell me what to do!

 

[sparky]

The Federal Reserve loaned Trillions of dollars to banks and didn't bother telling anybody about it

Seems private industry loaned private industry our tax dollars for private industry all over the globe, because they all are into gambling on private industry failures Frank

~S~

 

[CrusaderFrank]

Seems private industry loaned private industry our tax dollars for private industry all over the globe, because they all are into gambling on private industry failures Frank

~S~

Public risks, private profits to the nth power this time

 

[sparky]

Public risks, private profits to the nth power this time

thx, that's the synopsis i was hopin' for Frank

~S~

 

[Harpy Eagle]

he Federal Reserve loaned Trillions of dollars to banks and didn't bother telling anybody about it

Do they normally tell?

Is it illegal for them to do so?

Is it unusual for them to loan to banks?

 

[CrusaderFrank]

Do they normally tell?

Is it illegal for them to do so?

Is it unusual for them to loan to banks?

This shows that they need to be audited, then ended.

That they can do this, and not disclose, should be criminal.

 

[Toddsterpatriot]

Seems private industry loaned private industry our tax dollars for private industry all over the globe, because they all are into gambling on private industry failures Frank

~S~

The Fed is not private. The Fed doesn't lend our tax dollars.