At 5.5%, the Fed will be handing out $800 million in free money to banks every single day as IOER/RR interest. At 6% it will be $1 billion
Discussion
Anyone else see a potential problem with this?? 😀
They need to adjust the SLR higher but Wall Street lobbying will never let it happen AND the general public has no idea what any of that means AND the politicians that sit on the finance committees need the Wall Street money for re-election so the insanity persists….
wat a fagg of an institution that is? ROTTEN TO THE CORE, butthole jeff n yallen🤣
ZeroHedge is on Nostr LFG 🔥
Fake account
they left the NYT, WAPO, Bloomie woketards in da dust long, long time ago, reckoning day for Woke media is here, thanks Bitcoin protocol, Nostr sub protocol🤣 democratizing information value👍
Paying banks NOT to work is so awesome
ZH, while you are at it, could you please finally unblock me on twitter. I have no idea how that ever happened. Appreciated: https://twitter.com/TanukiBTC
$365 Billion shortfall per year that the taxpayers are on the hook for thanks to QE.
A billion here, billion there, soon enough you're talking real money
