Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> INTERNATIONAL MONETARY FUND Latest News

MAY 09, 2014 - Zero Hedge

A Must Read - Share

When $1.2 Trillion In Foreign ‘Hot Money’ Parked At The Fed Dissipates

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter It fits the pattern of gratuitous bank enrichment perfectly, but this time, the big beneficiaries of the Fed are foreign banks. A JPMorgan analysis, cited by the Wall Street Journal, figured that in 2014 the Fed would pay $6.74 billion in interest to the banks that park their excess cash at the Fed – half of that amount, so a cool $3.37 billion, would line the pockets of foreign banks with branches in the US. This is where part of the liquidity ends up that the Fed has been handing to Wall Street ... Read More

Tags: When $1.2 Trillion In Foreign ‘Hot Money’ Parked At The Fed Dissipates,  International Monetary Fund Latest News