Tuesday, April 14, 2020

Federal Reserve encouraging moral hazard on a grand scale

https://www.ft.com/content/52a46bcf-f238-43cd-82dd-c48c3c1883e3

 

Fed is buying junk bonds.

 

Charlie Cooper

Get Money Out – Maryland (GMOM)

 “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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