With Congress inert, the Fed can solve the economy’s biggest looming threat. This is The COVID-19 Daily Report for June 12, 2020.
Federal Reserve
Posted inCoronavirus
Unsanitized: BlackRock Is Buyer and Seller
Plus, the problem with reopening. This is The COVID-19 Daily Report for May 30, 2020.
Posted inCoronavirus
Unsanitized: A Bailout for Elites, Crumbs for Everyone Else
Plus, the meatpacker plot thickens. This is The COVID-19 Daily Report for May 27, 2020.
Posted inCoronavirus
How the Fed Bailed Out the Investor Class Without Spending a Cent
Just announcing $4.5 trillion in future spending to support securities markets was enough to keep owners of capital protected from the downsides of the coronavirus.
Posted inTAP
Taking Public Money and Screwing Workers: The Airlines
Today on TAP: United and others must comply with bailout terms
Posted inEconomic Policy
The Dawn of the BlackRock Era
The world’s largest asset manager is poised for overwhelming influence no matter who wins the next presidential election.
Posted inPolitics
Centrist Democrat Backs Bailout Plan Pushed by His Private Equity Donors
New Jersey Representative Josh Gottheimer is backing a plan from one of his top private equity donors to expand a Federal Reserve bailout program.
Posted inTAP
Student Debt and the Fed
Today on TAP: If the Fed can bail out Wall Street, why not college students?
Posted inCoronavirus
Unsanitized: The Fight to Learn Who the Fed Will Bail Out
Also, Donna Shalala hangs on, and remote voting crashes in Congress. This is The COVID-19 Daily Report for April 23, 2020.
Posted inEconomic Policy
A Climate Bailout Is a Big Finance Bailout
And now is not the time for either. The Federal Reserve should take note.