What you are witnessing s a deflationary spiral.......
Characterized by loaning billions to banks but the banks cannot and will not lend it out. They don’t like the parties that want to borrow. Don’t have enough confidence in them
Which is a 180° turn from the real estate mania where banks made mortgages to anyone with a pulse including illegal aliens
Funny, huh ?
Now the Fed wants to do what banks can’t/won’t/shouldn’t. Of course we the taxpayers have the Fed’s back.
Moral hazard, anyone ?
God I hate those people.