“In the fall of 2019 there was no war in Ukraine, there was no pandemic. But for still undisclosed reasons, the Fed decided to funnel trillions of dollars in cumulative repo loans to the trading units of U.S. megabanks and their foreign counterparties. The Fed’s repo loans stretched from September 17, 2019 through July 2, 2020. The Fed has begun releasing the names of the banks and the amounts they had borrowed on a quarterly basis, following a two-year lag. There has been an unprecedented mainstream media news blackout of this information….the same Wall Street banks and their foreign derivative counterparties that the Fed was bailing out in the last quarter of 2019 and the first quarter of 2020 have experienced dramatic deterioration in their share prices year-to-date.”
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019 (wallstreetonparade.com)