“The Fed has made good on most of its investments over the years, but increasing its exposure and that of the U.S. government to foreign banks is a moral-hazard problem,” said Edward Royce of California, the third most-senior Republican on the House Financial Services Committee. “We are effectively incentivizing U.S. money-market funds to continue to finance these banks.”
This is sick. Our captured government, not content to impoverish its own public by bailing our banksters who should be in prison, is now sending billions to foreign banksters. This is beyond moral hazard. they don’t care who they destroy as long as it’s not the banksters.