4 ms·
You miss the entire point: it's not a mistake, it's the plan! The Congress, the Fed and the Treasury are coordinating a bail-out of large companies, banks, lan
by mikhailfranco 7y ago
You miss the entire point: it's not a mistake, it's the plan!
The Congress, the Fed and the Treasury are coordinating a bail-out of large companies, banks, landlords and Wall Street. Paying money to citizens is only so they can pay their rent and mortgages (to ... you guessed). Buying corporate bonds bails out companies and their executives, but also relieves the credit lines and Revolvers that have been draining the banks. So companies are now raising more bonds to sell to the Fed, to pay back the Revolvers - just as thy sold bonds to buy back stock and reward execs since 2008.
It's all corrupt crony capitalism. If you add a bit of civil asset forfeiture, abolition of constitutional rights (esp. at borders), the surveillance state, privacy-trampling intelligence agencies, militarization of law enforcement, protectionism and a smattering of xenophobia, you get fascism.