Federal Reserve, Using Non-Compliant Accounting, Hides Over $100 Billion a Year of Losses and Resulting Negative Equity, Due to Illegal Bank Subsidies

William Bergman, who was an economist at the Chicago Fed for 14 years, has published a bombshell analysis for the Institute for New Economic Thinking, which describes in depth how the central bank has been hiding large losses and what should be shown as negative equity via its own irregular accounting. Bergman’s finding of a…