Wall Street Mav
@WallStreetMav · Oct 20, 2023
The Fed used to make profits and sent those profits to the US Treasury each year. It was usually billions of $$$ per year.
Now because of reverse repos and interest paid on reserves to commercial banks, the Fed is paying something like $700 million PER DAY to commercial banks to
E.J. Antoni, Ph.D.@RealEJAntoni· Oct 20, 2023We're gonna need a bigger graph: Fed is now over $110 billion in the hole after suffering another week of losses in an unprecedented streak or red ink - the same people telling you the banking system is safe and sound found a way to lose money despite having a money printer:
Elon Musk
@elonmusk
!
02:53 AM · October 20, 2023 · 133.1K views
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