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Pam and Russ Martens: There's nothing normal about the Fed pumping hundreds of billions weekly to Wall Street banks
By Pam and Russ Martens
Wall Street on Parade
Friday, October 4, 2019
Yesterday the House Financial Services Committee released its hearing schedule for October. There is not a peep about holding a hearing on the unprecedented hundreds of billions of dollars that the Federal Reserve Bank of New York is pumping into unnamed banks on Wall Street at a time when there is no public acknowledgement of any kind of financial crisis taking place.
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Congressional committees should have been instantly on top of the Fed's actions when they started on September 17 because the Fed had gone completely rogue from 2007 to 2010 in funneling an unfathomable $29 trillion in revolving loans to Wall Street and global banks without authority or even awareness from Congress. The Fed also fought a multi-year court battle with the media in an effort to keep its giant money funnel a secret. ...
... For the remainder of the report:
https://wallstreetonparade.com/2019/10/theres-nothing-normal-about-the-f...
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