Slope of Hope Blog Posts

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Liquidity Update

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As we approach the end of this holiday-shortened trading week, let’s close out Thursday with a look at the latest liquidity numbers from our darling friends in the federal government.

First up, we can see that Yellen has continued to hand out free cash to her banking cronies by way of BTFP, with the amount owed clocking in at $108 billion. Nice to have friends in high places, yes? Ostensibly, her 12-month program is now 50% done. I can guaran-fucking-tee you that, in an effort to “support everyday Americans“, that scumbag Yellen will extend the program and soften up its terms even more. The notion that her sickening buddies in banking are going to be handing that cash back is out of the question. Just. You. Watch.