It hasn’t happened since the market crash of 2008. In those days it was called a bailout. Meaning the Fed was bailing out the banks because they were all underwater. After dismantling Glass-Steagall, American banks are totally free to screw you and me, borrowing at zero percent, holding a fraction in reserve and embezzling the … Continue reading It’s Not a Bailout. It’s a Technical Correction. US Federal Reserve Explains Away Trillions of Dollars