Thom Hartmann: Is the FED About to Own Your Employer?

Has the Fed bailout gone beyond a bailout? Are the Fed buying stock in companies that are in serious trouble? The Fed is buying in the private market using money they have printed, which nobody else can do. Richard Wolff joined Thom Hartmann to discuss whether the Fed are doing the right or wrong thing.

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Pasqual DiGesu commented 2020-07-01 21:40:22 -0400
If I had to bail out an industry like general motors, I would take ownership also especially if it was their original college boys and share holders who were suddenly in the last 20 years now sucking down 10’s of millions annually while laying off 10-40 thousand employees in the same period who sucked the business dry and bankrupted it. I would re-staff the management with educated civil servants at the federal salary level and order a new line of production limited to small electric vehicles (killing 2 birds / one stone), oh and I would piss on the share holders giving them lesson number 2 which is you work for a living instead of outwitting others for daily capital gains through minute trading. Aint I a terrible autocratic type?
I believe its called lemon socialism for the sake of national security
Richard Wolff published this page in Updates 2020-06-19 04:19:19 -0400

Thom Hartmann: Is the FED About to Own Your Employer?

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