Notice how the apologists for the central bank haven't even addressed the thread topic, which is that the Federal Reserve gave away $16 trillion to the banks, even while many of the Federal Reserve employees had a financial stake in those institutions.
If the Federal Reserve HAD to give those loans, then why didn't they simply pay off the nation's outstanding mortgage debt? They could have saved themselves $1.5 trillion and the entire country wouldn't have to worry about their mortgage debt. Instead, they just gave it to the banks.
I'm glad to see the central bank apologists care more about big banks than they do about mainstreet.