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

Spread the love   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 … Continue reading Did the Fed Begin Secret Bailouts in 2007 Before Anyone Knew of the Pending Crisis?