So This has been bothering me for about a week now. The US hit our $31.4T debt ceiling in January, and since then the Fed has been using "extraordinary measures" to continue govt operations. They say that will only last until somewhere around June before the US defaults. Supposedly the govt only spent $20-25B to bail out some of the depositors, and theoretically that money should have come from the roughly $128B the FDIC maintains in the Deposit Insurance Fund (DIF). I also think they spent FAR MORE than they are telling us, but have zero evidence other than a gut feeling.

What I'm wondering is if that fund actually exists, or is it a bunch of post-it IOU notes in a drawer somewhere like they did with Social Security and Medicare, or even the US gold? If that kind of money is sitting around somewhere some Dem would use it to "combat climate change" or make treadmills for shrimp, or whatever the govt wastes our money on. I seriously doubt that money actually still exists (if it ever did).

Where did they get the $20-25B to hand over to the people who can't follow simple directions and only put the amount of money that is insured into the bank? Biden authorized that money (which he can't legally do anyway) and I think there is a good possibility that it was outside of the measures the Fed is using to buy time before we default.

Shouldn't this be a bigger deal and actually hit the mainstream news, assuming someone is actually paying attention? I know $25B won't go far, but what if they spent far more than that? What if there are other banks failing that the govt bailed out and kept under wraps "to quell panic"? What if the Fed had that $128B counted into their "extraordinary measures" fund to keep us from default? Remember - Wells Fargo had "issues" recently where people's paychecks disappeared from their accounts. Maybe that spurred the Fed to rescue them and they kept it secret.

Do we have anyone here who "watches the fed" (FedFags?) that can shed more light on this? Is it possible the bank runs were engineered to force the Republicans to bend to Biden and raise the debt limit with no cuts? I don't know, but something just doesn't seem right.

So This has been bothering me for about a week now. The US hit our $31.4T debt ceiling in January, and since then the Fed has been using "extraordinary measures" to continue govt operations. They say that will only last until somewhere around June before the US defaults. Supposedly the govt only spent $20-25B to bail out some of the depositors, and theoretically that money should have come from the roughly $128B the FDIC maintains in the Deposit Insurance Fund (DIF). I also think they spent FAR MORE than they are telling us, but have zero evidence other than a gut feeling.

What I'm wondering is if that fund actually exists, or is it a bunch of post-it IOU notes in a drawer somewhere like they did with Social Security and Medicare, or even the US gold? If that kind of money is sitting around somewhere some Dem would use it to "combat climate change" or make treadmills for shrimp, or whatever the govt wastes our money on. I seriously doubt that money actually still exists (if it ever did).

Where did they get the $20-25B to hand over to the people who can't follow simple directions and only put the amount of money that is insured into the bank? Biden authorized that money (which he can't legally do anyway) and I think there is a good possibility that it was outside of the measures the Fed is using to buy time before we default.

Shouldn't this be a bigger deal and actually hit the mainstream news, assuming someone is actually paying attention? I know $25B won't go far, but what if they spent far more than that? What if there are other banks failing that the govt bailed out and kept under wraps "to quell panic"? What if the Fed had that $128B counted into their "extraordinary measures" fund to keep us from default?

Do we have anyone here who "watches the fed" (FedFags?) that can shed more light on this? Is it possible the bank runs were engineered to force the Republicans to bend to Biden and raise the debt limit with no cuts? I don't know, but something just doesn't seem right.