Sunday, April 12, 2020

Special-purpose vehicles can distribute $4+ trillion in loans to big business

https://wolfstreet.com/2020/03/29/corruption-in-the-time-of-coronavirus-fed-treasury-corporate/

 

Special purpose vehicles can use loans from The Fed to buy municipal bonds, non-agency mortgages, corporate bonds, commercial paper, and every variety of asset-backed security. BlackRock will run at least one of these SPVs, and can buy its own funds! Oversight will be inadequate.

 

Charlie Cooper

H: 410-578-8291

M: 410-624-6095

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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