Posted on 04/09/2020 7:03:10 AM PDT by John W
The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 billion of financing into businesses and revenue-pinched governments.
Among the Fed's measures were details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the reeling U.S. economy. The central bank also provided more detail on its market interventions, including plans to buy corporate bonds both at an investment-grade level as well as high-yield, or junk, bonds.
Under provisions outlined for the first time, the loans would be geared toward businesses with up to 10,000 employees and less than $2.5 billion in revenues for 2019. Principal and interest payments will be deferred for a year.
The Fed said the programs would total up to $2.3 trillion and include the Payroll Protection Program and other measures aimed at getting money to small businesses and bolstering municipal finances with a $500 billion lending program.
(Excerpt) Read more at google.com ...
Step 1: Oil the printing presses.
Step 2: Get the blank dollar bill size paper out of the warehouse.
...
Step 3: Get the engravers to add three extra zeros to each paper bill denomination
We’re all Zimbabwe now
Just more welfare for the billionaires
Cloth Paper, Ink and Fire up the Presses Boys!!!
Don’t even need a mint. Just a keystroke on a computer and the money “exists” . Well, OK, OK, maybe after a prior keystroke buying some T-ball. It’s a self-etching ice cream cone.
This is nice. Just think! What if we had known that the government can make the economy great again by pouring money into it? We could have had a fantastically prosperous economy by pouring 10 trillion into it! Even better, 20 T! Just imagine! Everybody rich! Nobody poor! Nobody has to work!
The Great Depression could have been avoided! The crash in 2008 could have been turned into a boom, instead of a bust!
100 Trillion and we’ll all have yachts and vacation homes in Santorini!
There you go again, missing the point entirely
This round of trillions includes bailouts for Hedge Fund managers and “Zombie Companies” (corporate bonds). The only thing they haven’t bought yet is stocks.
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