Taxpayers Are on the Hook for 98 Percent of the Fed’s $6.98 Trillion Balance Sheet
May 26th, 2020Via: Wall Street on Parade:
In other words, an institution controlled by five unelected people, with the insane power to create money out of thin air by pushing an electronic button, have put taxpayers (and the next generation) on the hook for $6.85 trillion.
Related: How the COVID-19 Bailout Gave Wall Street a No-Lose Casino