The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere. This kind of obfuscation by the Federal Reserve could actually stimulate distrust in the U.S. banking system.
From time to time, I think it's necessary and healthy to take a step back and reflect on what you're doing and why. I recently did that with regard to my work and website.
When I quit my job on Wall Street nearly a decade ago, I had no idea how life would unfold. I walked away from a highly paid position to pursue some unknown future, a simultaneously exciting and terrifying decision. I was a single guy living in NYC back then, with no pressing obligations to anyone other than myself. I'm now married with three kids in Colorado.
