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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (147933)	4/24/2019 12:25:29 PM
From: bruiser98	Respond to of 218473

Maxine Waters Needs to Subpoena Details of the FED's Dirtiest Bailout >>>The Fed stated that the purpose of PDCF was to “improve the ability of primary dealers to provide financing to participants in securities markets, and to promote the orderly functioning of financial markets more generally.” The first thing that’s terribly wrong with that statement is that the Federal Reserve has no mandate to bail out “securities markets.” That’s why they’re called “free markets.” The other serious problem is that the primary dealers are not commercial bank units with Federally insured deposits which the Fed does have a mandate to provide liquidity to through its discount window. Primary dealers are broker-dealers who at the time were holding securities of highly questionable value.<<< wallstreetonparade.com