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Hank Sullivan: Fed handing billions to Wall Street?
Hank Sullivan
Hank Sullivan is a Forsyth County resident, businessman, author and speaker on American history, economics and geopolitics.
Two weeks ago, the Fed announced lowering interest rates … again. Soon afterward, articles began surfacing alleging that Wall Street banks were struggling with liquidity, on the verge of default, and that the New York Fed had stepped in with massive bailouts, dropping billions into accounts of desperate banks, just to keep them alive.