Memba Bush’s stimulus? “Rebate” checks,TARP. Then Obama bailed out the world. April 2008 to Oct 2009.
Yep. Bernanke bailed out the G-7 European banks with $6.5 Trillion in October 2009. They never “fixed” that. So, it has matured over the last 11 years, and it’s due back to The Fed.
That’s why DJIA has been convulsing since Feb 21 AND why The Fed injecting some $2.5 Trillion to the banks AND dropping the interest rate 1.5 basis points in 10 days hasn’t done a thing.
The markets want those margin calls paid back to The Fed to restore “soundness” to the market. OR The Fed + Treasury will be “forgiving” that margin call, forcing beyond G-7 banks to come into The Fed’s fold for more dollar swaps & global liquidity. This is supposed to “fix” the markets for at least a century and stop all the ups & downs. That’s the plan anyway.
Trump loves to make deals. He’ll prly try to talk that $12Trillion DOWN some, but not too much.