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Discussion

Do banks pay overdraft fees to the Fed? 🤔

Wrong answers only.

Yes!

“What’s to pay back? We just delete the zeros from the database.”

😭

😂

My favorite is the “no taxpayer dollars” part…um did the govt forget how they are funded? I know this is coming from the banks “insurance” pool but those same banks got freaking bailouts from the taxpayer and probably used that to fund it and it will get thrown on us by higher prices when the Fed starts inflating assets again to pay for bridge loans for treasuries.

I think they may technically not be lying… If they just give out a bunch of loans, it won’t come from “taxes” but just from printed money.

You are right though there’s no free lunch and we will pay for this eventually.

Fire up the money printer!