I was talking with someone who has connections in Washington D.C. According to his sources, during the closed session of Congress on March 13, lawmakers didn’t merely discuss the Foreign Intelligence Surveillance Act, as reported. They also discussed the extraordinary measures the Federal Reserve is taking to keep large financial institutions solvent.
He says that people in (and outside consultants working for) the Federal Reserve have been working seven days a week trying to get our financial system out of this mess.
We’re skating on thin ice.