Congress completely fails The People, deciding to just let the Federal Reserve buy unlimited Corporate bonds. Don't expect to see your Trump check anytime soon (if at all) (zerohedge.com)
submitted 5.1 years ago by NavigatorFlight
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Tallest_Skil 5.1 years ago
deciding
Don’t miscontextualize this. Congress was TOLD, and they did as they were told.
Timur9000 5.1 years ago
the significance of the corporate bond market?
In terms of the fed being able to directly purchase from it, you mean?
Outstretched_Bill 5.1 years ago
Yes. I’m a bit new to the subject but a bond isn’t stock, so the fed holds corporate debt temporarily until the bond expires, at which point the corporation pays it back with interest. How does this equate to nationalizing the economy?
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Tallest_Skil ago
Don’t miscontextualize this. Congress was TOLD, and they did as they were told.
Timur9000 ago
What's
the significance of the corporate bond market?
Tallest_Skil ago
In terms of the fed being able to directly purchase from it, you mean?
Outstretched_Bill ago
Yes. I’m a bit new to the subject but a bond isn’t stock, so the fed holds corporate debt temporarily until the bond expires, at which point the corporation pays it back with interest. How does this equate to nationalizing the economy?