A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did. Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team…
Congress Passed Legislation Making the Treasury Secretary the Boss of the Federal Reserve During a Financial Crisis: That’s Creating Its Own Crisis…
Now Americans are learning that the Dodd-Frank Act did one other very dangerous thing: it legally authorized the U.S. Treasury Secretary to take the Federal Reserve hostage during a financial crisis. Section 1101 of the Act provides that the Federal Reserve Board, “may not establish any program or facility under this paragraph without the prior approval of the Secretary of the Treasury.”…
Research Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency Loans…
Mnuchin was able to delude the public with the idea that the Fed has just been sitting on over $400 billion of Treasury’s money, so it was time for Mnuchin to claw it back and kill the programs, because that information was inaccurately reported by mainstream media…
House Hearing: Wall Street Gets Bailed Out by Fed; Main Street Gets Sold Out…
Before we get into the guts of yesterday’s hearing, it’s important to have the background on how Wall Street was bailed out and Main Street was sold out the last time around – as the parallels are downright eerie…
Senate Democrats Block $500B Wuhan Virus Aid Package a Second Time…
“Once again, Democrats will choose nothing over something, that if they can’t get everything they want, it’s better for Americans not to have anything,” Senate Majority Whip John Thune
Rabobank: The Press Gave “Russiagate” Front-Page Coverage for Years… It Now Refuses to Cover An Actual FBI Agent’s Quotes…
The market certainly didn’t like the Trump stimulus news, of course, with US stocks closing down and 10-year Treasury yields dropping from an intraday high of 0.79% back to 0.73%. The US Dollar also went up…
House Democrats Pass $2.2 Trillion Virus Relief Bill, Crushing Hopes for Compromise Stimulus Before the Elections…
Last month, Republicans in the Senate, where they have a majority, also attempted to pass their own $650 billion “skinny” package – but that in turn was blocked by Democrats…
Pelosi and Schumer Fear Passing Coronavirus Relief Bill Would Give Trump a Win…
“The president is going to make sure that he uses his authority to do whatever he can to help small businesses, but there are limitations,”…
Trump Wants Short-Term Relief Bill to Extend Jobless Benefits, Halt Evictions…
President Trump and Secretary Steven T. Mnuchin said Wednesday they want to negotiate a short-term coronavirus relief bill with Democrats to prevent evictions and extend unemployment benefits that are due to expire on Friday. “We’re focused on those two things, we want to take care of them now,” Mr. Trump told reporters. “The rest we […]
Mnuchin Confirms GOP Stimulus Plan to Include $1,200 Stimulus Checks…
A forthcoming Senate Republican stimulus proposal will mirror CARES Act that included a one-time $1,200 economic impact payment to some Americans, said a top White House official on Thursday. Treasury Secretary Steven Mnuchin was asked about the nature of the payments, saying it would be the same as the bill passed in March. “We’re talking […]
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