Fed pumps a trillion dollars into foreign banks in US (Congress, rating)

[KUchief25]

I wish I was a foreign bank.

"So it was our expectation that while if not slowing down its rate of money-creation (i.e., reserve-production) - something that won't happen for a long time as it would crash the stock market - the Fed's reserves would at least revert to being accumulated at US-based banks. No such luck. In fact as the latest H.8 report demonstrates, as of the most recently weekly data, the Fed's policies have led to foreign banks operating in the US holding an all time high amount of reserves, surpassing $1 trillion for the first time, or $1,033 billion to be precise."

Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever | Zero Hedge

[NoJiveMan]

You must have really hated this too?

Treasury's bank bailout list - CNNMoney.com

[KUchief25]

That is the old bailout. This is the new QE forever here.

[HappyTexan]

We're bailing out Europe without "officially" bailing out Europe.

[KUchief25]

Originally Posted by HappyTexan

We're bailing out Europe without "officially" bailing out Europe.

Pretty much.

[NoJiveMan]

Originally Posted by KUchief25

That is the old bailout. This is the new QE forever here.

You must have liked it then.

[HappyTexan]

Originally Posted by NoJiveMan

You must have really hated this too?

Treasury's bank bailout list - CNNMoney.com

So, what is YOUR opinion of the US Fed printing up money to keep foreign banks solvent ?

[Smoke_Jaguar4]

Originally Posted by HappyTexan

So, what is YOUR opinion of the US Fed printing up money to keep foreign banks solvent ?

It's keeping us out of a deflation spiral and it's reducing future interest payments on the remaining debt. I call this a double win.

[HappyTexan]

Originally Posted by Smoke_Jaguar4

It's keeping us out of a deflation spiral and it's reducing future interest payments on the remaining debt. I call this a double win.

It's back door as both Congress and Americans overwhelming said not to bail out Europe.


The Fed buying Treasuries is what's keeping interest rates low, not bailing out European banks.

[NoJiveMan]

Originally Posted by HappyTexan

So, what is YOUR opinion of the US Fed printing up money to keep foreign banks solvent ?

Investing.