How does Fed get away with dumping trillions in stock market?

[Prosper]

Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period
By Pam Martens and Russ Martens: January 6, 2020 ~


https://wallstreetonparade.com/2020/01/federal-reserve-admits-it-pumped-more-than-6-trillion-to-wall-street-in-recent-six-week-period/

[beachbumbob]

1. called plunge protection team and saving the asses of the wealthy

[walkingman]

2. We continue to be ruled by oligarchs and it will be difficult to change. But not impossible.

The support of these monsters by religious groups makes it much harder than it would be otherwise.

[Newest Reality]

3. That's their job!

"Serve and Protect" Ah...wait...that's...

They have been pumping billions into cumulative repo loans for a while, so why not? "We want to pump you up!"

If it is not for us, then, it is certified OK! The rabble are not a good investment at all. How do you get a good return on low-income housing, SNAP, Medicare and all the other worthless programs for useless eaters? Really now.

It is the, No Million and Billionaires Left Behind Act. Important people are entitled to a return.

[KatyMan]

4. this

[Faux pas]

5. ...

What the fuckety fuck!?!? Where'd the monet come from?

[safeinOhio]

10. A speed up of

The printing presses.

[Chainfire]

6. It is the golden rule

Those who have the gold make the rules.

[PSPS]

7. The "Plunge Protection Team" was created by saint ronnie in the 80's to protect his wealthy friends

[cbdo2007]

8. Where do you think they invest their holdings??

Same place everybody else does.

[stillcool]

9. jeezus...6 trillion in 6 weeks

and why 6 weeks ago?

[leftstreet]

11. Always money for Wall Street, but never....n/t

[Sgent]

12. Just to be clear

That's misleading at best.

The fed didn't put 6T in total, they loaned 200B a day, to be repaid the next day, collateralized by US Treasury bills, 30 times.

The liquidity issues are real, and there are questions as to why its happening, but this was standard operating procedure from the founding of the federal reserve system (and even predating that by JP Morgan) until 2008.

[A HERETIC I AM]

13. How dare you....

inject a reasoned, literate, accurate response to an absurdly hyperbolic thread?

Don’t you know that you might burst a bubble of outrage?

[stillcool]

15. he sure burst mine...

but I'm glad he did before I got the chance to run my mouth around. And nice assist by you..

[Prosper]

18. Link please?

[A HERETIC I AM]

14. The "About" page in that website you linked is somewhat underwhelming

I’m not too sure I would give too much credence to these people.

In other words,

Bollocks!

[Prosper]

16. Is this significant enough to warrant suspicion of Fed's artificial action?

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Stock market Friday recap: Dow loses 3500 points on week, closes off lows, Fed pledges ...
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7 days ago · Stock market Friday recap : Dow loses 3,500 points on week, ... 2:35 pm: U.S. oil drops nearly 5% for biggest weekly drop since 2008.

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Stock market Friday recap: Dow loses 3,500 points on week, closes off lows, Fed pledges support
PUBLISHED FRI, FEB 28 2020 6:23 AM EST
UPDATED FRI, FEB 28 2020 5:34 PM EST

https://www.google.com/amp/s/www.cnbc.com/amp/2020/02/28/stock-market-live-updates-dow-loses-3200-points-and-counting-on-week-bond-yields-collapsing.html