In last bailout, the Fed outsourced management to the banks being bailed out – then paid them huge fees for their work

Pam Martens, Russ Martens  |  May 22, 2020

By Pam Martens and Russ Martens, includes “Many of the darkest secrets of the Federal Reserve’s bailout of Wall Street banks during the 2007 to 2010 financial crisis are cryptically contained in the government audit of the Fed’s emergency lending programs that was released to the public on July 21, 2011. … There is good reason to believe that the same plan is in the works for the Fed’s latest bailout.”

Read the full article on: Wall Street on Parade

comments powered by Disqus