The Fed Is Contradicting Its Own Tight Monetary Policy – Parts 1 and 2
The Fed Is Contradicting Its Own Tight Monetary Policy – Parts 1 and 2
[Matthias Chang’s comments: I am doing all Malaysian bankers and stock punters a great favour by uploading Nomi Prins’ article (the brilliant former Wall Street Banker). 98% of bankers in Malaysia don’t understand the tricks of the Fed and Wall Street. So, read and learn and don’t be arseholes!]
Article begins:
On Sunday, March 12 at 6:15 p.m. ET, the Federal Reserve and Treasury Department began their latest lie…
Our banking system was crumbling around them after the failures of Silvergate Bank and Silicon Valley Bank.
So the Fed and Treasury stepped in to stop the bleeding. They announced the creation of a “Bank Term Funding Program.”
This emergency lending program made additional funding available to U.S. banks, savings associations, credit unions, and other eligible institutions.
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