Bailout BONUS Bonanza Going Bonkers … Again!

The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses.

You would think the response to that would be a no-brainer: “O.K. Go ahead.” Then just walk off. Watch, however, as the European Central Bank Supervisory Board Chair pretends to be getting firm with the banks because it’s so important that we bail them out on their terms: (The first two-minutes-and-twenty-seconds are all you need listen to. Any more could cause medically unnecessary nausea or brain injury as he goes to say that his recommended conservative measures are “not reflecting a specific fragility” in the European banking system at present. No, there’s none of that. All is well in Bailout Bonus Bonanzaland. They’re just doing unnecessary bailouts.)

Fed to Buy Unlimited Government Debt and Lend to Businesses

By Associated Press – Re-Blogged From Headline Wealth

In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis.

The Fed’s announcement Monday removes any dollar limits from its plans to support the flow of credit through an economy that has been ravaged by the viral outbreak. The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.

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