cares act

  1. georgephillip

    Swamp Drains US Treasury Via CARES Act

    What do you get when a crony-capitalist POTUS and his Foreclosure King Treasury Secretary responds the latest of capitalism's many epic failures? "The New York Fed’s own playbook involves dangling a shiny object for mainstream media in a 'look here but not there' operation. "During the 2008...
  2. georgephillip

    Trump's Fed Now Buying Junk Bonds

    Within the CARES Act 880 pages there appears to be a $454 billion slush fund designed to kill Wall Street's two main legitimate functions: price discovery and prudent capital allocation. The Fed Is Killing the Two Main Functions of Wall Street: Price Discovery and Prudent Capital Allocation...

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