No, The Fed Did Not “Give” $1.5-Trillion To Banks
What the Fed did do was promise banks — if they put up their own collateral — it’d help them stop a train wreck
4 min readMar 13, 2020
We can’t overemphasize the importance of the Federal Reserve’s action. Even though we keep seeing it written off as failing to inspire the markets. And the way it’s being depicted by many in our…