Trump blasts Covid relief bill just passed by Congress, demands changes
Tag: Food Stamps
The Cabinet Selection Process Is Veering Off Course
Government Cuts $5.5 Billion from Food Stamps Over Five Years, but Gives Banks $300 Billion in Only Three Months
The Federal Reserve is quietly pumping big money into the banking system by way of the market for repurchase agreements (the repo market). In September, this sector—which connects institutions with cash to institutions in need of quick cash (short term loans)—went suddenly dry, and interest rates on short term debts spiked from around 2 percent to 10 percent. To normalize interest rates, the Fed began pumping cash into market by purchasing stagnant paper (treasury bills…
— Read on www.thestranger.com/slog/2019/12/05/42180283/government-cuts-55-billion-from-food-stamps-over-five-years-but-gives-banks-300-billion-in-only-three-months
Fuck them!