https://wolfstreet.com/2020/04/23/fed-slashed-qe-further-still-hasnt-bought-junk-bonds-or-etfs/
The Federal Reserve front-loaded its liquidity injections starting March 11. Now it is tapering off on CDOs, MBSs, repos, and other kinds of instruments, whether directly or through SPVs.
But also this:
"The Fed has printed $2.26 trillion since March 11 to inflate asset prices and bail out asset holders and Wall Street. If the Fed had spread that $2.26 trillion equally over the 130 million households in the US, each would have received $17,380. But this was helicopter money for Wall Street and the wealthy that were losing part their wealth in the sell-off. Those are the folks that matter to the Fed."
Charlie Cooper
“We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” – Louis Brandeis
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