By Pam Martens and Russ Martens: April 21, 2022 Under just three of the emergency bailout programs offered by the Fed to Wall Street, units of the megabank JPMorgan Chase tapped over $6 trillion in cumulative (term-adjusted) loans from September 17, 2019 through the first quarter of 2020. That figure will definitely go higher as the Fed is releasing the names of the banks and the amounts they borrowed on a quarterly basis for its repo loan program. Thus far, the numbers stack up as follows: a trading unit of JPMorgan Chase borrowed $6.19 trillion from the Fed’s repo loan program from September 17, 2019 through March 31, 2020. (Those are cumulative, term-adjusted figures.) A significant chunk of that money was borrowed at interest rates as low as 0.10 percent. The loans were collateralized with mostly treasury securities and agency mortgage-backed securities (MBS). A trading unit of JPMorgan Chase also borrowed … Continue reading While JPMorgan Chase Was Getting Trillions of Dollars in Loans at Almost Zero Percent Interest from the Fed, It Was Charging Americans Hit by the Pandemic 17 Percent on their Credit Cards