Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding
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Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars…
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Key Highlights Brian Armstrong sees a “win-win-win” solution as crypto, banks, and lawmakers work to finalize long-delayed market rules. The CFTC would oversee Bitcoin and Ethereum, while SEC collaboration aims to clear regulatory uncertainty for firms. Senate disagreements over stablecoins and DeFi slowed progress, with Coinbase pulling support to protect…
Key Highlights Fed Chair Kevin Warsh called for closer collaboration among U.S. banking regulators on implementing the GENIUS Act. Warsh reaffirmed that Federal Reserve independence should remain focused on monetary policy. He emphasized coordinated rulemaking to prevent regulatory arbitrage, where firms seek the least restrictive oversight. Fed Chair Kevin Warsh…