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So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?

 
Anonymous Coward
User ID: 78437934
Romania
03/12/2020 10:42 AM
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So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?
Update: shortly after the Fed injected $95BN in liquidity via two term reports (a 2-week and the first 1-month op), it also announced $103.1BN injected via the overnight operation, which means that the Fed has injected a combined $198BN in liquidity as funding markets freeze.

[link to www.zerohedge.com (secure)]
Anonymous Coward
User ID: 76377772
Canada
03/12/2020 10:45 AM
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Re: So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?
what's different between trump and Obama again?
Anonymous Coward
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03/12/2020 10:46 AM
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Re: So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?
"if the DOW ever drops more than 50 points the president should immediately be impeached"

boy that Trump quote didn't age well.....
Lily o' the Valley

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United Kingdom
03/12/2020 11:06 AM

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Re: So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?
The Federal Reserve did that. It is a separate entity from the US government. It is composed of a group of independent banks, such as Chase Manhattan.

Trump can't make them do anything, neither could past president. The government often borrows $$ from the Federal Reserve (Fed) to keep the government operating, then taxes repay it, with interest. That is what the federal debt is....money that the government owes mostly to the Federal Reserve Bank.

Go look it up. [link to www.investopedia.com (secure)]

fail-yoda
*** Good deeds bring rewards, bad actions bring troubles. That is a law of the universe. ***
Anonymous Coward
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United States
03/12/2020 11:12 AM
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Re: So Trump spends $8BN for CORONAV but injects $103BN in a single night to prop the big fat bubble?
what's different between trump and Obama again?
 Quoting: Anonymous Coward 76377772


I'll take "Nothing" for $1000 Alex.
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