Let's clear up a bit of confusion:
#1) I am NOT referring to the post-2008 bank bailout. This bank bailout had nothing to do with Lehman Brother and Bear Stearns.
#2) I am not making this up. Nor am I not exaggerating. $48 TRILLION, more than twice the size of the GDP of the United States, was created out of thin air by the Federal Reserve, and shoved into the banking system, without a vote by Congress, or even an article about it in the NY Times. A large part of this bank bailout wasn't even to banks in the United States. Yet you, the American taxpayer, are still back-stopping all of those loans.

One of my favorite sites, Wall Street on Parade, sifted through all of the boring, Federal Reserve financial reports and pulled out a gem like this.

As thousands of businesses were forced to close in the U.S. as a result of the coronavirus outbreak in March of 2020, and millions of Americans were financially struggling, the Federal Reserve was pumping what would become a cumulative $3.84 trillion in secret repo loans into the U.S. trading unit of the giant French global bank, BNP Paribas, in the first quarter of 2020.

The repo loan market is where banks, brokerage firms, mutual funds and others make loans to each other against safe collateral, typically Treasury securities. Repo stands for “repurchase agreement.” The Fed only comes to the rescue of this market when there is a liquidity crisis and Wall Street firms are backing away from lending to each other. September 17, 2019 was the first time the Fed had to intervene in the repo market since the financial crisis of 2008 and it was months before the first case of COVID-19 was discovered anywhere in the world.

BNP Paribas is not just any ole global bank. It’s the bank that the U.S. Department of Justice fined $8.8 billion in 2015 for flouting U.S. sanctions, covering its tracks, and pleading guilty to a criminal charge.

What may have led to the scramble for money by BNP Paribas Securities is – wait for it – risky derivatives, the same financial weapons of mass destruction that blew up the U.S. financial system and economy in 2008 and led to the biggest bailout of Wall Street in history by the Fed.

The BNP Paribas information comes from a repo loan data dump by the New York Fed this morning – the regional Fed bank that handled all of these secret repo loans from their inception on September 17, 2019 to July 2, 2020.

The Fed has withheld the release of the names of the banks that got these massive loans for two years but is now forced to release them under the provisions of the Dodd-Frank financial reform legislation of 2010.

The raw Fed data can be seen here.

The Fed has no business buying $2.7+ TRILLION RESIDENTIAL Mortgage-Backed Securities (RMBS). The Fed recklessly pumped the housing bubble for Wall St's benefit. Result?

Out-of-control housing inflation - for both home prices AND rent. It's like they WANT a homelessness crisis! pic.twitter.com/dNiVfP6dAn

— Occupy The Fed Movement (@OccupytheFeds) March 25, 2022

We shouldn't overlook the fact that the largest bank in America, and five-time criminal felon, JBMorgan Chase, took an oversized amount of that bailout money.

According to the quarterly data releases by the Fed for its repo loans, the trading unit of JPMorgan (J.P. Morgan Securities) borrowed $2.59 trillion in term-adjusted cumulative repo loans in the fourth quarter of 2019 and another $3.6 trillion in the first quarter of 2020.

Noone seems to understand just how illicit JPow's trading has been while having access to the most inside financial info imaginable.

He failed to file 278-Ts for anything but muni bonds. He hid all his personal trade dates behind 'Multiple' on his annual forms.

C.f. even JYell pic.twitter.com/HU7VDplpc3

— Occupy The Fed Movement (@OccupytheFeds) March 29, 2022

Wall Street on Parade has also noted the total news media blackout on this enormous bailout.

Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jones’ MarketWatch, and Reuters...
The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence.

Gosh. You don't think that there's a connection between major corporations getting an obscene bailout, and the lack of news coverage from news media groups owned by those very same major corporations, do ya?

Occupy The Fed noticed this story by WSOP and asked a very good question: Was this bailout even legal?

How are the Fed’s actions legal? This is a great question and one without a satisfactory answer. Experts have opined that the Fed “broke the law” with their repo program. Indeed, the Dodd Frank Act, enacted in response to the Global Financial Crisis, was supposed to prevent exactly these kinds of massive, selective bailouts of “failing” financial institutions. The Fed and their cronies on Wall Street will argue that the megabanks were all well capitalized and were not at risk of failing. If that was true, why did the Fed drop reserve requirements to zero in March 2020? And why has the Fed failed to reverse the supposed “emergency” action for more than 2 years?!

The one thing I've learned during my time on this planet is that the more important the event is, the less the news media will talk about it. So if NO ONE in the news media is talking about an event, then this is what you should be demanding answers for.