The Fed is in the process of changing its role from “lender of last resort” to dictatorial financial overlord.
Seems desperate. “Powell & Co. plan to force banks to borrow from them – or else” “It’s an attempt to prevent any financial institution from failing, no matter how insolvent it becomes… Consolidating all bank lending into the central bank’s direct control. The Fed wants to be not just the guiding hand but the sole …