2 The Federal Reserve’s Pernicious Payouts: A Deep Dive into the Scandal of Subsidizing Foreign Banks with American Taxpayer Money – Authorized in 2006, Exploited in 2008, and Still Hemorrhaging in 2025 The U.S. Federal Reserve’s policy of paying interest on reserve balances (IORB) is a grotesque betrayal of the American public, a bald-faced scheme … Continue reading The Federal Reserve’s Pernicious Payouts: A Deep Dive into the Scandal of Subsidizing Foreign Banks with American Taxpayer Money