Federal Reserve

New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks

by Wolf Richter • Apr 6, 2020 • 185 Comments

“Suppressing” bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank.

$1.5 Trillion Helicopter Money for Wall Street in 3 Weeks of Fed Bailouts

by Wolf Richter • Apr 2, 2020 • 216 Comments

Loading up on Treasury securities, mortgage-backed securities, repos, “central bank liquidity swaps,” and “loans” to keep the Everything Bubble from imploding further.

Corruption in the Time of Coronavirus

by Karen Parker Feld • Mar 29, 2020 • 279 Comments

Now even the fig leaf is gone.

Helicopter Money for Wall Street

by Wolf Richter • Mar 26, 2020 • 274 Comments

Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.

What Are All the Fed’s Corporate & Investor Bailout Programs and SPVs? Here’s the Whole Shitload of Them

by Wolf Richter • Mar 23, 2020 • 232 Comments

Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the losses.

Leveraged Loans Blow Out. Distressed Corporate Debt Spikes

by Wolf Richter • Mar 23, 2020 • 252 Comments

This is the moment when yield-chasing turns into a massacre.

Fed’s Balance Sheet Spikes as “Everything Bubble” Morphs into Financial Crisis 2

by Wolf Richter • Mar 20, 2020 • 188 Comments

Drags out bailout creature from Financial Crisis 1: “Loans” to Primary Dealers.

Junk-Bond Spreads & BBB-Bond Spreads Blow Out Past Lehman-Bankruptcy Levels

by Wolf Richter • Mar 19, 2020 • 191 Comments

Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction.

Treasury Market, Gold Go Haywire as Fed Struggles to Contain What’s Turning into Financial Crisis 2

by Wolf Richter • Mar 18, 2020 • 205 Comments

If the Fed hadn’t spent a decade inflating such a mind-blowing Everything Bubble (that had already begun to wobble), the financial reactions wouldn’t be nearly as chaotic.

After Blowing $4.5 Trillion on Share Buybacks, Airlines, Boeing, Many Other Culprits Want Taxpayer & Fed Bailouts of their Shareholders

by Wolf Richter • Mar 17, 2020 • 225 Comments

Chapter 11 bankruptcy that wipes out shareholders is the correct solution for collapsing share-buyback queens. US airlines already know this from experience. It works.

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