Amanda
27th March 2020, 07:45 AM
Trump Slams "Grandstanding" Rep. Massie As Kentucky Republican Threatens To Delay Vote
https://www.zerohedge.com/political/trump-slams-grandstanding-rep-massie-kentucky-republican-threatens-delay-vote
Comments:
-The only one with the balls to oppose this garbage bill.
-uncle schlomo and the dc cunts all in on nationalizing health-care, banking, airlines, tech, media and more .It's FUBAR unlike anything I could have ever imagined, The nation was raped The constitution was shit on The future was taken from the many who will forever be enslaved to the very few
-if you're the type that's sitting back bashing Nancy- who deserves it, by the way, but you're not bashing everyone of the rest of these cocksuckers, you are a part of the problem. If you're not ready to blast the man you sent to D.C. to prevent this socialist take over, YOU are the problem."But, but, but he has no choice! The media will shred him if he vetos!" Yes, someone said that yesterday. I wont' name them, but surely, they know who they are. And they had the nerve to tell me a veto would end Trumps re-election bid and we'd fall into socialism under Pedo Joe...and my logic is faulty?This team sport idiocy has got to stop. Supporting any old bullshit just because the guy is wearing your color has got to stop. Holding the people we elect accountable has to START.Again, so many of you ARE the problem. And you'll know you're the problem if you feel triggered by this
- So, it's grand-standing if anyone questions this farce? Or is it just hunky-dory to vote in the largest friggin' debt-increase in human history without anyone of the public that has to pay for it having read the damned thing? Or hell, having a true procedurally correct vote undertaken? Or further.... the idea that any of those corporations deserve anything when they've shown they are incapable of setting aside something for worst-case eventualities? Yep - sounds like a representative republic with democratically elected public servants to me.
-Coronavirus is a historic, once-in-a-lifetime, golden opportunity for politicians, DC ideologues and cronies to ROB AMERICA BLIND.
-At least SOMEONE is opposing this taxpayer-funded bailout. Good for him!
-"If Massie keeps this up, he might walk away with a nickname.." - Yeah, a new nickname, National Hero, Patriot, Statesman, just to throw out a few.
-Trump's job on behalf of the bankers and globalists is to obliterate the middle class. He's a puppet and a con artist serving a criminal banking cartel.
Another Comment at zio-hedge--this comment seems interesting, though I can't quite wrap my head around all that's going on
From June 12, 1776
Trump Slams "Grandstanding" Rep. Massie As Kentucky Republican Threatens To Delay Vote
Do it Massey. Delay Trump's knighting as the new Federal Reserve Chairman as long as you fking can.
This scheme essentially merges the Fed and Treasury into one organization.
So, meet your new Fed chairman, Donald J. Trump.
But it’s the alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:
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) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.
To put it bluntly, the Fed isn’t allowed to do any of this. The central bank is only allowed to purchase or lend against securities that have government guarantee. This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac. An argument can be made that can also include municipal securities, but nothing in the laundry list above.
So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.
In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.
This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
https://www.bloomberg.com/opinion/articles/2020-03-27/federal-reserve-s-financial-cure-risks-being-worse-than-disease
https://www.zerohedge.com/political/trump-slams-grandstanding-rep-massie-kentucky-republican-threatens-delay-vote
Comments:
-The only one with the balls to oppose this garbage bill.
-uncle schlomo and the dc cunts all in on nationalizing health-care, banking, airlines, tech, media and more .It's FUBAR unlike anything I could have ever imagined, The nation was raped The constitution was shit on The future was taken from the many who will forever be enslaved to the very few
-if you're the type that's sitting back bashing Nancy- who deserves it, by the way, but you're not bashing everyone of the rest of these cocksuckers, you are a part of the problem. If you're not ready to blast the man you sent to D.C. to prevent this socialist take over, YOU are the problem."But, but, but he has no choice! The media will shred him if he vetos!" Yes, someone said that yesterday. I wont' name them, but surely, they know who they are. And they had the nerve to tell me a veto would end Trumps re-election bid and we'd fall into socialism under Pedo Joe...and my logic is faulty?This team sport idiocy has got to stop. Supporting any old bullshit just because the guy is wearing your color has got to stop. Holding the people we elect accountable has to START.Again, so many of you ARE the problem. And you'll know you're the problem if you feel triggered by this
- So, it's grand-standing if anyone questions this farce? Or is it just hunky-dory to vote in the largest friggin' debt-increase in human history without anyone of the public that has to pay for it having read the damned thing? Or hell, having a true procedurally correct vote undertaken? Or further.... the idea that any of those corporations deserve anything when they've shown they are incapable of setting aside something for worst-case eventualities? Yep - sounds like a representative republic with democratically elected public servants to me.
-Coronavirus is a historic, once-in-a-lifetime, golden opportunity for politicians, DC ideologues and cronies to ROB AMERICA BLIND.
-At least SOMEONE is opposing this taxpayer-funded bailout. Good for him!
-"If Massie keeps this up, he might walk away with a nickname.." - Yeah, a new nickname, National Hero, Patriot, Statesman, just to throw out a few.
-Trump's job on behalf of the bankers and globalists is to obliterate the middle class. He's a puppet and a con artist serving a criminal banking cartel.
Another Comment at zio-hedge--this comment seems interesting, though I can't quite wrap my head around all that's going on
From June 12, 1776
Trump Slams "Grandstanding" Rep. Massie As Kentucky Republican Threatens To Delay Vote
Do it Massey. Delay Trump's knighting as the new Federal Reserve Chairman as long as you fking can.
This scheme essentially merges the Fed and Treasury into one organization.
So, meet your new Fed chairman, Donald J. Trump.
But it’s the alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:
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) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.
To put it bluntly, the Fed isn’t allowed to do any of this. The central bank is only allowed to purchase or lend against securities that have government guarantee. This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac. An argument can be made that can also include municipal securities, but nothing in the laundry list above.
So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.
In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.
This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
https://www.bloomberg.com/opinion/articles/2020-03-27/federal-reserve-s-financial-cure-risks-being-worse-than-disease