Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes

[bitsurfer2014]

Yeah, its more likely that we are now seeing the symptoms of a potential crisis, and I'm hope I'm wrong on that assumption!

They should start curing the symptoms for potential crisis as it will just get more serious and unavoidable. Way back late 2008 up to 2009 great recession happened and it caused a hell for the people and government dealing with unprecedented economic deep dive. Someone is right calling it sugarcoated behind the word to technically prefer it as borrowed. There is no way groups from Wall St. needs to borrow from feds and it can be hypothesize that these groups aren't financially healthy anymore. One thing's for sure, It isn't a bailout.

Perhaps I'm worried if  this still continue which could indicate of a more serious problem - $690 billion per week sums up to $2.76 trillion per month! Sounds scary!

That is a heck  a lot of money! This could go to a recession again from seeing it now and can cause devaluation and unemployment. They should be doing solutions now.

With that huge amount involved, I was even wondering if it is approved by concerned regulatory bodies or the U.S. Government for that matter because it could trigger another Wall Street collapse as the article in OP mentioned!

Now I guess the cryptocommunity could taunt those financial institutions who questions the integrity of cryptocurrency when in fact they have mud in their face to clean up. Imho

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[beerlover]

It is just a regular expected thing that FED who is very wall street friendly and enemy of the regular people would do something that would help the wall street people and put the whole economy in danger. That is one of the most "awesome" parts of being wall street, you can do as risky as possible stuff to make money, you can leverage your position into billions and even close to trillions in derivatives and whatever but in the end if you don't really have any reason to make a loss, why would you care? That is why it is "awesome" for them, dudes risk it as much as they can and when they fail, FED just prints money and gives it to them and they die.

How could you not really love the way they do business, it is either win for them or lose for us, what an amazing business model.

[bitsurfer2014]

That is why it is "awesome" for them, dudes risk it as much as they can and when they fail, FED just prints money and gives it to them and they die.

This scenario maybe the reason why the U.S. Government totally abandoned the gold standard in printing money and now there is no such limitations for the Feds to do as they pleased!

How could you not really love the way they do business, it is either win for them or lose for us, what an amazing business model.

I agree, this is a kind of a financial dilemma which is very unfortunate but ultimately, its the ordinary people that always ends up at the losing side.