It’s time to re-examine the tax-exempt status of these profit-making ‘nonprofits.’
bailouts
Posted inCoronavirus
Unsanitized: Corporations Can Do a Lot With ‘Just Loans’
Surprisingly, companies with market power can use money to make money. This is The COVID-19 Daily Report for September 17, 2020.
Posted inCoronavirus
Unsanitized: The Fed Is Overpaying Banks and Hedge Funds for Corporate Bonds
Plus, the Problem Solvers step up with a dead-on-arrival bill. This is The COVID-19 Daily Report for September 16, 2020.
Posted inCoronavirus
Business, Interrupted
Many small-business owners expected insurance to help them during the pandemic. They got a rude awakening.
Posted inEconomic Policy
Student Loan Giant Navient Reaps Backdoor Federal Reserve Subsidy
Securities based on the student loans Navient owns are eligible for purchase through a Fed rescue program. Already $218 million has been scooped up.
Posted inCoronavirus
Unsanitized: How the Federal Reserve’s Thumb is on the Bailout Scale
Also, updates on Social Security and debt collectors. This is The COVID-19 Daily Report for July 24, 2020.
Posted inEconomic Policy
The Airline Bailout Is the CARES Act’s Biggest Debacle
Forget the PPP outrage. We’re paying the airlines billions to actively spread coronavirus.
Posted inCoronavirus
Unsanitized: The Federal Reserve Can End the State Fiscal Crisis Today
With Congress inert, the Fed can solve the economy’s biggest looming threat. This is The COVID-19 Daily Report for June 12, 2020.
Posted inCoronavirus
Unsanitized: The Case of the Missing Bailout Oversight Panel Chair
Looks like nobody wanted any oversight to begin with. This is The COVID-19 Daily Report for June 11, 2020.
Posted inCoronavirus
Unsanitized: BlackRock Is Buyer and Seller
Plus, the problem with reopening. This is The COVID-19 Daily Report for May 30, 2020.