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Economist Michael Hudson Says the Fed “Broke the Law” with its Repo Loans to Wall Street Trading Houses

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Why the conspiracy theory?  Why don’t these people just look at the regulatory position of the Depositories at that time?  Apply 8th grade algebra…Norton then asks Hudson “why was the Fed giving trillions of dollars to these large Wall Street banks. And why was there a liquidity crisis? That’s unexplained. LOL it’s been explained here at MNE a million times…. Wall Street on Parade BlogEconomist Michael Hudson Says the Fed “Broke the Law” with its Repo Loans to Wall Street Trading Houses

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Why the conspiracy theory?  Why don’t these people just look at the regulatory position of the Depositories at that time?  Apply 8th grade algebra…


Norton then asks Hudson “why was the Fed giving trillions of dollars to these large Wall Street banks. And why was there a liquidity crisis? That’s unexplained.


LOL it’s been explained here at MNE a million times…. 


Wall Street on Parade Blog

Economist Michael Hudson Says the Fed “Broke the Law” with its Repo Loans to Wall Street Trading Houses



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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