The Crash of Wall Street Banks and Insurers this Week is Blamed on the Coronavirus, but the Real Cause is Decades of Money Creation by the Fed

Headlines about the virus did not appear in the US until January of 2020, but the Federal Reserve began making hundreds of billions of dollars in loans to Wall Street’s banks on September 17, 2019. The Fed was creating money to keep banks afloat a little longer, and the cost was passed to the consumer.