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Wall Street banks made a lot of money off of that craze and that’s really the reason number one the Fed didn’t tighten its policy when inflation was flashing re
by lvl102 3y ago
Wall Street banks made a lot of money off of that craze and that’s really the reason number one the Fed didn’t tighten its policy when inflation was flashing red. Never trust the Fed. They merely exist to facilitate monetary policies for Wall Street banks.
- calgarymicro 3y agoIf the sole purpose of the Fed is to facilitate easy monetary policy for banks then it sure is odd they're continuing to hike interest rates even though most banks are massively underwater on their bond portfolios (some to catastrophic effect) .
- duped 3y agoThe Fed literally killed multiple banks not six months ago.