Link to the video:
Another day, another alphabet soup facility from the Fed – and along with it, an additional $2T and counting. From the repo markets, to commercial paper, to corporate debt (both investment grade and junk), to US Treasuries across the yield curve, and to mortgage-backed securities (both residential and commercial), there is virtually no end to what the Fed will purchase. And on top of this, the Fed is also lending to small and mid-sized companies. There is no free lunch and the American people are about to learn this the hard way and this is only the tip of the iceberg. #Economy #Fed #Debt #Bailouts #Recession #USA