Economist Michael Hudson Says the Fed “Broke the Law” with its Repo Loans to Wall Street Trading Houses

 

Why the conspiracy theory?  Why don’t these people just look at the regulatory position of the Depositories at that time?  Apply 8th grade algebra…

Norton then asks Hudson “why was the Fed giving trillions of dollars to these large Wall Street banks. And why was there a liquidity crisis? That’s unexplained.

LOL it’s been explained here at MNE a million times…. 

Wall Street on Parade Blog

Economist Michael Hudson Says the Fed “Broke the Law” with its Repo Loans to Wall Street Trading Houses