What the hell?
Have these fools in the Eccles Building completely lost their minds? Have they become so dense and craven that there is no limit to the amount of fiat credit and liquidity they will pour into Wall Street to satisfy the crybabies, bullies and infinitely greedy, entitled bastards who operate there?
With the $1.175 trillion of the new repo facilities announced yesterday on top of the $4.31 trillion of footings at the March 12 close, the Fed’s balance sheet could soon hit $5.4 trillion. So doing, it would have blown past in a matter of hours the madness that Bernanke launched in the fall of 2008.