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Cake day: November 21st, 2023

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  • Working class still has to pay for the rampant inflation caused by fully forgiven PPP loans, Covid checks sent out to every household, tax cuts for the wealthy during the previous Trump term, and 4.5 TRILLION in clandestine bailouts given to big banks in 2019 for bad mortgage backed security loans.

    On September 17th, 2019, two days before President Trump signed an executive order to fast-track flu vaccine development due to a ‘potential pandemic flu outbreak’, the Fed started issuing trillions to 24 financial institutions. More precisely, such funds were issued to the same banks previously bailed out in 2008. Out of the $4.5 trillion in loans for Q4 2019, the bulk of it went to Goldman Sachs (103 instances), JPMorgan Chase (197 instances), Deutsche Bank (200 instances), and Citigroup (143 instances).

    https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/