Meet The New Boss – At The Fed

by | Mar 27, 2020

Jim Bianco at Bloomberg

1000x 1The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.

In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.

This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”

 

Related Articles

Related

Cops Kill Man

Cops Kill Man

Well, first they entrapped him on some drug bullshit. Then they killed him. Unarmed, no chance. Then they got away with it. https://youtu.be/CPeufhOU6OQ

read more
Thank Goodness for Matt Taibbi

Thank Goodness for Matt Taibbi

What this society needs is men and women who can write: It’s the Fourth of July, and revolution is in the air. Only in America would it look like this: an elite-sponsored Maoist revolt, couched as a Black liberation movement whose canonical texts are a corporate...

read more
Hydroxychloroquine Works

Hydroxychloroquine Works

Democrats across America will be sad to hear the news that fewer people are dying from the Covid due to the use of Hydroxychloroquine. They will not, however, question how wrong and smug they are and have been on this topic.

read more

Pin It on Pinterest

Share This