This is a textbook case of fascism. Private industry basically functions as an arm of the government — and/or vice versa.
I used to suspect Ben was secretly buying stocks in 2009.
We’ve had a independent Treasury Department(on paper) since the Great Depression of 1837-1844, when Van Buren was President.
Trump and Mnuchin could cut the central bank out completely.That’s why they are talking about injecting cash into the economy.
A bridge too far.
Now there's a couple of names that fill me with confidence...Snicker...
The FED is partially responsible for creating the stock market bubble that just burst.
The Federal Reserve is NOT chartered to the United States for private (tax subsidized) investment in Corporations. No freaking way... no matter who is in trouble in their little club.
TARP was one thing, this is rather another. Way outside of bounds.
Better— how about the Federal Reserve stop monkeying with crap that is not their responsiblity, like the continuing “algorithm” of worthless paper being pushed by their member traders.... pushed onto some schlub stuck with no chair when the music stops.
Case in point.
I would think they would STFU and let the incumbents in their former positions work without interferrence from the peanut gallery.
I don’t remember Volcker or Greenspan writing editorials on what Ben or Janet should or should not be doing.