Sunday Mail discovers how banks work
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Big banks are short of cash
Yet Again Big Banks Are Short of Cash. Signs of Another Historic Bailout and Recession to Come?
Ominous signs that at least one of America’s “Too Big to Fail” banks is yet again seriously short of cash emerged this weekend in documents examined by James Henry, DCReport’s economics correspondent.
After ‘Unlimited’ Cash Shift, New York Fed Pumps Another $34B Into Wall Street
More cash infusions for banks and Wall Street
This is quite an interesting development -Trump deciding to cap interest rates on credit cards. I recall David Graeber in his book on Debt mentioning something about such limits having been abolished in the 1990s. Trump is just restoring the status ex ante.
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