Did the Fed Begin Secret Bailouts in 2007 Before Anyone Knew of the Pending Crisis?

  When the GAO report came out on the Quantitative Easing by the Federal Reserve, it uncovered a secret $16 trillion feeding tube from the Fed structured as revolving, low-cost loans to any bank (foreign or domestic) teetering on the edge. Amazingly, the audit showed the Fed started the loans in December 2007 – long before … Continue reading Did the Fed Begin Secret Bailouts in 2007 Before Anyone Knew of the Pending Crisis?