ThankQ !!
bigbob wrote:
“Today Trump signed in to law a whole slew of new alphabet-soup agencies: CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer. PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer. TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities. SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market. MSBLP (Main Street Business Lending Program)
Thing is, the Fed isn’t allowed to do any of these things. But the Dep’t of the Treasury, under CEO Steve Mnuchin and President Donald J. Trump can.
The Fed will finance a special purpose vehicle (SPV) for each alphabet soup. Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV, acting as banker and providing financing.
Trump is very smart in Finance (Good Brain) but I suspect Mnuchin’s fingerprints are all over this construct. It’s not only brilliant but the Dems have no idea what just happened, they’re too busy pissing and moaning over their green bad deal to realize Trump just acquired the keys to the government’s printing press.
This is going to be great!”
https://twitter.com/KillAuDeepState/status/1243683116809515009/photo/2
Ho. Lee. Fuk.
Read the whole thing. This will get rid of the Fed — including auditing it.
Good bye deep state forever.