Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes

[bnew]

Where is the money coming from

tax-payers
at least it'll be paid back with interest.
those farmer bailout funds aint loans though so he on the hook for that

 

[Jhoon]

The Fed shouldn’t be independent of Congress.

Do not go down this road.

 

[FAH1223]

Do not go down this road.

Why not?

 

[Jhoon]

Why not?

Look how this administration speaks to the Feds. Do you want a president like the current one in control? Do you want Republicans in charge of money supply?

 

[FAH1223]

Look how this administration speaks to the Feds. Do you want a president like the current one in control? Do you want Republicans in charge of money supply?

I said Congress not the Executive.

Congress, which is elected by the people directly, should have oversight and steering direction on the money supply. Having an 'independent' board of people who come from Wall Street primarily and elite schools who think the exact same way isn't productive IMO.

This is the country's central bank. It requires much more oversight and attention especially with how powerful it is.

 

[Jhoon]

I said Congress not the Executive.

Congress, which is elected by the people directly, should have oversight and steering direction on the money supply. Having an 'independent' board of people who come from Wall Street primarily and elite schools who think the exact same way isn't productive IMO.

This is the country's central bank. It requires much more oversight and attention especially with how powerful it is.

Congress has delegated many responsibilities to the executive branch over the last 30 years.

How can you look at the current congressional delegates and feel they should be in charge?

 

[OfTheCross]

Congress has delegated many responsibilities to the executive branch over the last 30 years.

How can you look at the current congressional delegates and feel they should be in charge?

Many?

Like what?

Also, what we need is Oversight.

Steering direction should be left to largely to experts. Congresspeople aren't monetary policy experts

 

[FAH1223]

Congress has delegated many responsibilities to the executive branch over the last 30 years.

How can you look at the current congressional delegates and feel they should be in charge?

Many?

Like what?

Also, what we need is Oversight.

Steering direction should be left to largely to experts. Congresspeople aren't monetary policy experts

Thanks to Newt Gingrich, a lot of stuff that used to be housed in Congress has been outsourced.

Congress used to have in-house experts, researchers, etc that could do this work.

 

[Red Shield]

The Fed shouldn’t be independent of Congress.

meh the gov gave up that power a long time ago

 

[Cynic]

So in layman's terms, the treasury is loaning money to investment firms to put into the stock market ????

Interests are negative globally - tradevwar uncertainty and the banks basically refuse to lend each other money.