Memo to RFK: Condemn The Fed’s $281 billion Gift to the Banks And Wall Street, Part 2

The fact that the Federal Reserve paid Member banks and Wall Street lenders to its ON/RRP facility $281 billion in interest payments last year (and likely much more in 2024) tells you that America’s central bank is flat-out shipwrecked. The very idea of paying these gargantuan bribes to the banks and Wall Street in order […]