December 07, 2011 at 07:19 AM EST
$7.77 Trillion in Secret Federal Reserve Loans to Banks?
I have been looking into the claim recently made by any number of internet sites (for example, here’s one of the many hundreds, if you insist on a link) that the Federal Reserve made $7.77 trillion in secret loans to banks. The claim is outrageously inaccurate, as I explain below. Let me begin with some [...]
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