Two weeks ago, the Fed announced lowering interest rates…again. Soon afterward, articles began surfacing alleging that Wall Street banks were struggling with liquidity, on the verge of default, and that the New York Fed had stepped in with massive bailouts, dropping billions into accounts of desperate banks, just to keep them alive. Is that really what was happening? Not really. It’s just the process of manipulating interest rates.
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Fed Handing Billions to Wall Street?
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Two weeks ago, the Fed announced lowering interest rates…again. Soon afterward, articles began surfacing alleging that Wall Street banks were struggling with liquidity, on the verge of default, and that the New York Fed had stepped in with massive bailouts, dropping billions into accounts of desperate banks, just to keep them alive. Is that really what was happening? Not really. It’s just the process of manipulating interest rates.