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Sgent

(5,858 posts)

12. Just to be clear

Reply to Prosper (Original post)

Thu Mar 5, 2020, 08:12 PM

Mar 2020

That's misleading at best.

The fed didn't put 6T in total, they loaned 200B a day, to be repaid the next day, collateralized by US Treasury bills, 30 times.

The liquidity issues are real, and there are questions as to why its happening, but this was standard operating procedure from the founding of the federal reserve system (and even predating that by JP Morgan) until 2008.

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Highlight:

How does Fed get away with dumping trillions in stock market? [View all] Prosper Mar 2020 OP

called plunge protection team and saving the asses of the wealthy beachbumbob Mar 2020 #1

We continue to be ruled by oligarchs and it will be difficult to change. But not impossible. walkingman Mar 2020 #2

That's their job! Newest Reality Mar 2020 #3

this KatyMan Mar 2020 #4

... Faux pas Mar 2020 #5

A speed up of safeinOhio Mar 2020 #10

It is the golden rule Chainfire Mar 2020 #6

The "Plunge Protection Team" was created by saint ronnie in the 80's to protect his wealthy friends PSPS Mar 2020 #7

Where do you think they invest their holdings?? cbdo2007 Mar 2020 #8

jeezus...6 trillion in 6 weeks stillcool Mar 2020 #9

Always money for Wall Street, but never....n/t leftstreet Mar 2020 #11

Just to be clear Sgent Mar 2020 #12

How dare you.... A HERETIC I AM Mar 2020 #13

he sure burst mine... stillcool Mar 2020 #15

This message was self-deleted by its author Prosper Mar 2020 #17

Link please? Prosper Mar 2020 #18

The "About" page in that website you linked is somewhat underwhelming A HERETIC I AM Mar 2020 #14

Is this significant enough to warrant suspicion of Fed's artificial action? Prosper Mar 2020 #16