News Blackout: On the First Day of the Fed’s Money Market Fund Bailouts, JPMorgan Funds Borrowed $8.97 Billion – 32 Percent of the Total

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

News Blackout: On the First Day of the Fed’s Money Market Fund Bailouts, JPMorgan Funds Borrowed $8.97 Billion – 32 Percent of the Total

By Pam Martens and Russ Martens: April 11, 2022 ~ On Thursday, March 31, the Federal Reserve released the names of the Wall Street trading houses and the amounts they had borrowed under three of the Fed’s emergency bailout programs. The data included the Fed’s repo loans for the first quarter of 2020 — the Fed is releasing the repo loan information after a two-year lag on a quarter-by-quarter basis, thus obfuscating a clear snapshot for the life of the program; the Fed’s Primary Dealer Credit Facility (PDCF); and the Fed’s Money Market Mutual Fund Liquidity Facility (MMLF). The Fed also released on March 31 the transaction details for its Commercial Paper Funding Facility but that essentially just showed which commercial paper had become toxic on Wall Street while the other three programs illustrated which units of the mega global banks had become illiquid and needed Fed bailouts stretching over many … Continue reading →

–