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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (1225208)	4/28/2020 4:37:58 PM
From: Jamie153	1 Recommendation Recommended By sylvester80 Read Replies (1) \| Respond to of 1583867

Republicans lie about balancing the budget (all of them since Reagan). They voters want to hear the lie and then when it all falls apart they demand spending cuts from Democrats to fix their failed policies. This works for them because there aren't any intelligent republicans left. The party died a long time ago.

To: longnshort who wrote (1225208)	4/28/2020 4:48:38 PM
From: FJB	Respond to of 1583867

Is Tara Reade a hero? Or is it different when the alleged perpetrator is a Democrat? https://t.co/3qmjdVOUgA — Sean Davis (@seanmdav) April 28, 2020

To: longnshort who wrote (1225208)	4/28/2020 4:53:16 PM
From: sylvester80	Respond to of 1583867

By "economic intercourse" you must mean corporations and their republican corporate whores screwing the people in the @nus multiple times... and the hypocrite trumptards (who are also in the people group) thinking that it feels good... HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

To: longnshort who wrote (1225208)	4/28/2020 5:08:38 PM
From: Taro	Respond to of 1583867

we just need more economic intercourse Like more arrivals per Gallon?

To: longnshort who wrote (1225208)	4/28/2020 5:16:40 PM
From: sylvester80	Respond to of 1583867

MUST READ: Third Major Transfer From the Middle Class to the Wealthy thestreet.com The Fed is robbing the middle class once again. For the third time in 20 years, the Fed has targeted the middle class for the benefit of the wealthy. Don't believe Fed lies. Its bailout of risky debt including junk bonds helps investors, not employees. Once again, the Fed Punishes Prudence. The Fed will deploy more than $1.45 trillion in support of investors in leveraged assets—more than double the size of the 2008 Troubled Asset Relief Program, and over $7,000 for each working-age American. That includes $750 billion to purchase recently downgraded junk bonds and bond exchange-traded funds—an unprecedented intervention in the private credit markets. Pumping trillions of dollars into corporate credit and even high-yield debt will further distort markets already shaped by a decade of easy-money policies. This is no abstract concern. The result will be an acceleration of two economy-wide transfers of wealth: from the middle class to the affluent and from the cautious to the reckless. The transfer from the middle class to the wealthy continues a trend begun in the wake of the 2007-09 financial crisis. But bankruptcies among highly leveraged businesses often pose surprisingly little risk to employment. More often than not, creditors choose to keep businesses staffed even when restructuring to retain value for the long-term. By preventing these bankruptcies, the Fed is doing more for equity holders and junior creditors than for employees. Almost Spot On Authors Sam Long and Alexander Synkov are almost spot on. What did they get wrong? This trend did not begin in the wake of the 2007-09 financial crisis.. Rather it's been an ongoing process. Importantly, this is the third major acceleration in the process. The first major acceleration began in the wake of the dot-com bust when the Fed bailed out the lenders who made loans to worthless companies. Housing prices soared to the moon as the Fed stood by and watched. Bernanke denied there was a bubble. The transfer of wealth to the likes of companies like Countrywide Financial was massive. The Second acceleration was in response to the bust. For the second time, the Fed held rates too low to long. Asset prices went to the moon and speculation surpassed that of the housing bubble and the dot-com bubble. This preposterous entry into Junk bonds and other bailouts is the third major acceleration and the Fed had to bend some rules to do so. Buying junk bonds is illegal under its actual mandate. Pole Vaulting the Boundaries Some claim the Fed pushed the boundaries by buying junk bonds. I suggest When you take illegal actions and enter numerous uncharted territories on balance sheet expansion, junk bonds, and bond ETFs you are not "pushing" the boundaries, you are pole vaulting over them. Too Big to Fail Note my post earlier today: Carnival Deemed Too Big to Fail, Rescued by the Fed. Carnival needed money. The Fed became the lender of last resort. Carnival could easily file for bankruptcy reorganization and reschedule debt payments. One of my friends commented "This is just a play to save the equity, who are Trump’s friends." OK but why would the Fed do this? "Because he has appointed a ball-less group of wimps. It largely does what he wants. Particularly on a petty issue like this," replied my friend. The transfer of wealth from the middle class to the wealthy just accelerated. What constitutes "too big to fail" keeps getting smaller and smaller. Why Rob the Middle Class? Some may be wondering why the Fed has targeted the middle class. Because as Willie Sutton once replied when asked why he robbed banks, "Because that's where the money is." The poor do not have any assets or money left to setal. There Are No Temporary Measures, Just Permanent Lies Under guise of virus support, the Fed Will Buy Junk Bonds, Lend to States to the tune of an additional $2.3 trillion in additional aid. Dear Jerome Powell, please tell the truth. This is not virus support, it's stock market support. This new junk bond "tool" is now permanent. Always remember, There Are No Temporary Measures, Just Permanent Lies. Mish