In Bed With The Fed

Posted On Jul 15, 2021 By Nomi Prins

The Federal Reserve recently announced that the 23 banks that had undergone so-called “stress tests” to determine whether they had enough capital on hand in case of a crisis sailed through with flying colors. The reality is that the biggest banks are very well-positioned to pass any stress tests because they’ve had a steady diet of Fed money since the financial crisis of 2008, which was amplified after the pandemic crisis. Watch this video as Nomi explain more in this interview on how banks and the Fed interact to continue propping up stocks on Wall Street.

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