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

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…

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Peabody award winning journalist. Streaming media pioneer. Played @ CBGB back in the day. Editor-In-Chief "The Chaos Report" www.thechaosreport.com

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Eric J Scholl

Eric J Scholl

Peabody award winning journalist. Streaming media pioneer. Played @ CBGB back in the day. Editor-In-Chief "The Chaos Report" www.thechaosreport.com

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