Wall Street banks say that they won’t go bankrupt during the next financial crisis.
The Federal Reserve, which has a $5 trillion-plus bond portfolio, is one of the biggest beneficiaries.
The New York Federal Reserve has $1.8 trillion of U.S. government debt.
And the banks themselves, along with the Federal Reserve’s $1 trillion-a-year bond-buying program, are among the biggest recipients of taxpayer bailouts.
Still, some say they can’t be expected to go under if they don