wall street

(Image:  Wikimedia Commons)
The over 1000 point plunge of the stock market on February 27th and broader ruptures of the financial system last week have been yet another wake-up call for those who have been contented so far to “live in the moment” of fast money.

Since the Federal Reserve began its repo-loan operations on September 17, the tally of the Fed’s cumulative low-interest-rate loans to Wall Street’s trading firms comes to more than $9-trillion.

With financial markets in a state of near panic over an incoming COVID-19 pandemic, the Federal Reserve Bank of New York took the extraordinary step of injecting over $1.5 trillion into the stock market yesterday in a bid to calm investors’ fears about a collapse.

The Fed’s repo loans to Wall Street banks that began on September 17, 2019, will deliver another $270-billion in loans at unprecedented low interest rates. Congress has no control over any of this.

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.

When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed […]

Authored by Cynthia Chung via The Strategic Culture Foundation:
The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have been yet another wake up call for those who have been contented so far to “live in the moment” of fast money.

Yes, Putin’s hackers would love to see Trump reelected. And it’s also true that unknown to us there may be a new Giuliani-led team of huckster guerrillas sealing dirty deals behind the scenes in order to bring the Democratic Party (DP) down.
But no matter how true these things are, responsibility for the party’s current predicament — i.e., that it’s doing a lousy job of preparing for the November showdown with Trump — lies in its own hands.

The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have been yet another wake up call for those who have been contented so far to “live in the moment” of fast money.

As coronavirus panic hits the U.S., a financial lobbying group is attempting to use the crisis to push through the deregulation of its industry.