Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
The Feds Bailed Out The Investor Class Without Spending A Cent
Posted
May 31, 2020
Views
9,725
Likes
436
Comments
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May 31, 2020
9,725
436
63
5.13%
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The federal reserve announced in March that it would start direct purchases of corporate debt, an unprecedented rescue of corporate America. Thanks to this massive government subsidy, large companies like Boeing & Carnival Cruises were able to avoid taking money directly and sidestep requirements to keep employees on by instead, issuing bonds. Here to discuss how the fed bailed out the investor class, executive editor of the American Prospect, David Dayen.
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