Saturday, April 4, 2026 
Front Running
The Financial Times reports on yet another clandestine form of support the FED gives to banks. What better way to enhance profits at banks then to allow the banks to sell assets to the FED at inflated prices?
“In the interests of transparency, it (the FED) often announces its intention to buy particular securities in advance. A former Fed official said this strategy enables banks to sell these securities to the Fed at an inflated price.”
Rigged markets lead to disconnects. This time will be no different.
