Last Thursday, Jeanna Smialek, who reports on the Fed for the New York Times, broke the news that the President of the St. Louis Fed, James Bullard, gave a private, invitation-only briefing on October 14 to clients of Citigroup – a Wall Street megabank that is supervised by the Fed and which received the largest bailout from the Fed from 2007 to 2010 in global banking history – a cumulative sum of $2.5 trillion in secret loans according to a government audit…
REPORT: 75% of $800B Paycheck Protection Program Didn’t Reach Employees…
Study found that taxpayers shelled out $4 for every $1 in wages and benefits received by workers from the Paycheck Protection Program…