baker NOTABLE Q on the water with comfort ship
cool very very cool
>It was caught laying on the ground next to a bag of trash
>'s what happened over the last 3 weeks. The USA became first lienholder of all assets and the Fed became 2nd lienholder in all assets, a stunning reversal.
i hope this is true but i read it the opposite
the yahoo article in the Q post stated
So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.
RECONCILE PLEASE