From transcript of Kudlow's remarks (emphasis added):
And finally, I want to mention, the Treasury’s Exchange Stabilization Fund, that will be replenished. It’s important because that fund opens the door for federal reserve fire power to deal a broad-based way throughout the economy, for distressed industries, for small businesses, for financial turbulence. You’ve already seen The Fed take action. They intend to take more action. And in order to get this, we have to replenish the Treasury’s emergency fund. It’s very, very important. Not everybody understands that. That fund, by the way, will be overseen by an oversight board and inspector general. It will be completely transparent.
If the ESF will henceforth be "transparent," it will be a first.
The ESF has not ever been under the purview of Congress. It is a part of the U.S. Treasury Department. The Treasury is a department in The Executive Branch.
view the rest of the comments →
23059288? ago
From transcript of Kudlow's remarks (emphasis added):
Link for the presser on C-Span... https://www.c-span.org/video/?470667-1/white-house-recently-left-york-city-quarantine-14-days
Kudlow steps up at about 21:00
If the ESF will henceforth be "transparent," it will be a first.
The ESF has not ever been under the purview of Congress. It is a part of the U.S. Treasury Department. The Treasury is a department in The Executive Branch.
Some other reading from Veterans Today...
https://www.veteranstoday.com/2020/01/22/how-the-deep-state-loots-america-through-the-us-treasury-esf/
23061945? ago
Your link to the Veterans Today article is SIGNIFICANT and the 5 videos in that article explains it all. THANK YOU!
23069501? ago
https://archive.md/YzCv4
https://www.veteranstoday.com/2020/01/22/how-the-deep-state-loots-america-through-the-us-treasury-esf/