U.S. Fed Bails Out Foreign Companies This Year
Same old story we saw in 2008-9.
” …The Fed’s “secondary market corporate credit facility” holds about $5 billion in individual bonds. As of 11/24/20, …over 74% of the dollar value in the top 4 holdings represented bonds issued by wholly-owned subsidiaries of foreign companies. This is what one gets when one places the Federal Reserve in charge of allocating funds on behalf of the American public. We can do better.”
This article was originally posted here: https://www.ac2news.com/2020/12/u-s-fed-bails-out-foreign-companies-this-year/.