Not disagreeing, but how are the speculators being bailed out?
I don’t have a problem with printing 1 trillion to save big & small biz and its employees. This could easily be recaptured over 5 years.
“Not disagreeing, but how are the speculators being bailed out?”
Since September 2019 the Fed has been propping up the repo market. Don’t forget, the big Wall Street banks have returned to speculating in derivatives, on of the contributors to the 2008 financial meltdown. Here are some links to articles describing what the Fed is doing and the implications:
https://wallstreetonparade.com/2020/03/feds-balance-sheet-skyrockets-to-4-7-trillion/
https://wallstreetonparade.com/2019/10/new-york-feds-repo-loans-are-foaming-the-hedge-fund-runways/