The U.S. Federal Reserve had to pump another twenty-two-Billion dollars into the Banking system early this week. The chart above shows the cash injection.
This injection came after the Fed also had to pump $29.4 billion into the banks last Friday to address "liquidity concerns" - (Story Here)
Something is wrong in the banks - again.
With the FDIC only funded to cover about 1.2% of Depositor accounts, the new method of "bail-ins" when banks fail, would have to be applied to any new failures.
A "Bail-in" is when the bank takes YOUR money from YOUR account(s) to prop-itself-up, and gives you "shares" of the bank in return for the money they grabbed.
Of course, you can't sell those shares to actually get back your money because there is some time limit before such shares can be sold, AND because no one in their right mind will buy shares of a failed bank.
Be mindful of what is taking place in the banking system or you could face being wiped-out by the same masters-of-the-universe whose shenanigans were so stupid they cause their own bank to fail.
