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Mainstream Media Has Morphed from Battling the Fed in Court in 2008 to Groveling at its Feet Today
By Pam Martens and Russ Martens
Posted January 12, 2022

corporate media refuses to shine the light on Wall StIt’s now day 13 since the Fed released the names of the Wall Street trading houses that borrowed $4.5 trillion cumulatively, just in the fourth quarter of 2019, from the Fed’s repo loan facility. Not one mainstream media outlet has reported those names of the Wall Street firms or the amounts borrowed – despite the fact that we have prodded them to do so, and despite the fact that some of the largest borrowers were also bailed out by the Fed during and after the financial crash of 2008.

The Fed, which is releasing the data on a rolling quarterly basis, had previously released the names of the banks and the amounts borrowed for the last 14 days of September 2019. That cumulative total came to $769.2 billion, or an average of $54.94 billion per day that the Fed was throwing at Wall Street’s trading houses. It’s clear there was a financial crisis going on in this pre-COVID era, because the Wall Street banks had requested loans for $850.575 billion in that 14-day span, or $81 billion more than the Fed was offering. And the demands for ever larger loans from the Fed continued to spike through the end of the year in that pre-COVID era.

From September 17, 2019 to the end of 2019, $5.269 trillion was cumulatively doled out by the Fed in repo loans. More…,