I'm a capitalist. Bernie Sanders is a socialist. He's a socialist for all. Jerome Powell and Donald Trump are openly socializing losses for investors who made bad bets and corporations who behaved irresponsibly. Tell me how this isn't WAY worse than what Bernie advocated.
I've lost count of how many emergency Fed measures there've been over the past 6 weeks. Jerome Powell is approaching Ben Bernanke god levels with his performance during this health-turned-economic crisis. Repeatedly stepping up to the plate to prevent markets from collapsing.
Message to Jerome Powell. Illinois and Chicago are already broke. If you buy their debt to offset the lost tax revenue of their mandated shutdowns, you will be making their long-term problems worse, not better. Retirement plans already in trouble, will be in worse trouble.