The Fed's Bank Consolidation Policy

JP Morgan Chase and Wall Street plucked it. It's that simple. I mean, New York Fed has a trading desk. Why not? The New York Fed knows better than anybody who has big whale accounts. It created them. Right. You got it. This is not complicated. Okay. We went into the banking. When we went into the pandemic, there were $13.5 trillion sitting in bank accounts in the US. After the pandemic,. it was $18 trillion. And the Fed did that by creating whale accounts because it was buying assets from rich people are buying treasuries, buying more respect securities. They didn't move the money out of their accounts.