ty bakah snipah
SAM672 USAF Clipper from Ramstein AFB on the sidewalk.
This is KANSAS coming back from Tel Aviv
Target Chairman/CEO sold: $13.20m-May 11
Brian Cornell is board chairman and CEO of Target Corp. He is responsible for Target’s global business, including the company’s nearly 1,900 U.S. stores, digital properties and 323,000 team members.
Cornell joined Target in August 2014 after more than 30 years in escalating leadership positions at leading retail and global consumer product companies, including three CEO roles and more than two decades doing business in North America, Asia, Europe and Latin America. His past experience includes time as both a vendor partner and a competitor to Target, and he brings insights from those roles to the company today.
Cornell currently serves as the non-executive chairman of the board of directors for Yum! Brands and is the Immediate Past Chairman of the Retail Industry Leaders Association (RILA). He previously served as a director for other global brands, including The Home Depot and Polaris Industries.
Cornell is also a board member for Catalyst and the Smithsonian’s National Museum of African American History and Culture. He earned a bachelor’s degree from UCLA in 1981 and attended its Anderson School of Management.
https://corporate.target.com/about/purpose-history/leadership/brian-cornell
https://www.finviz.com/insidertrading.ashx?oc=1288709&tc=7
The Fed Hasn’t Spent a Dime Yet for Main Street Versus $735 Billion for Wall Street
If you subtract the $454 billion from the $1.8 trillion total spending package, that left $1.346 trillion for other purposes. But the $454 billion wasn’t really just $454 billion. It was going to be leveraged up by a factor of 10 to 1 into a $4.54 trillion bailout for Wall Street. This, effectively, meant that the CARES Act provided $1.346 trillion for average Americans and other purposes versus $4.54 trillion for Wall Street. In short, the assistance going to Wall Street was more than 3 times larger than that going to families and workers.
Here’s where $215 billion out of the total $454 billion has thus far been earmarked by the Fed for its Wall Street bailout programs:
Primary Market Corporate Credit Facility (PMCCF)
$50 billion has been earmarked to prop up the corporate bond market by buying up new issues of corporate bonds that the big Wall Street banks don’t want to be involved with. (See its Term Sheet here.) This facility will be leveraged up to buy $500 billion in corporate bonds, both investment grade and junk-rated, as long as they were rated investment grade as of March 22.
Secondary Market Corporate Credit Facility (SMCCF)
$25 billion has been earmarked to create this $250 billion program to buy up corporate bonds in the secondary market along with Exchange Traded Funds (ETFs). Both investment grade and junk-rated bonds and ETFs will be purchased. (See the Term Sheet here.)
Term Asset-Backed Securities Loan Facility (TALF)
$10 billion is earmarked for TALF which will leverage itself up to a $100 billion program that will provide loans against collateral composed of asset-backed securities. (See the Term Sheet here.)
Commercial Paper Funding Facility (CPFF)
$10 billion is earmarked for this Fed program. We could not find any statement on the ultimate size of this program. (See Term Sheet here.) The program is described by the Fed as providing “a liquidity backstop to U.S. issuers of commercial paper through a dedicated funding vehicle that will purchase eligible three-month unsecured and asset-backed commercial paper from eligible issuers using financing provided by the Federal Reserve Bank of New York.”
Money Market Mutual Fund Liquidity Facility (MMMFLF)
$10 billion has been earmarked to bailing out money market funds with bad paper that can’t be rolled over. (See Term Sheet here.)
Main Street Lending Program (MSLP)
$75 billion has been earmarked to fund a Fed facility of $600 billion that is preposterously being called the Main Street Lending Program. (See Term Sheet here.) The program will make loans to businesses that have up to 15,000 employees and 2019 revenues of $5 billion or less. If that doesn’t sound like a business you would find on your hometown’s Main Street, see our article: JPMorgan, Wells Fargo, Citigroup and Fossil Fuel Industry Get Bailed Out Under Fed’s “Main Street” Lending Program.
Municipal Liquidity Facility (MLF)
$35 billion of taxpayers’ money will fund a $500 billion Fed facility to make loans to states and municipalities that are experiencing cash flow stress as a result of the coronavirus pandemic. (See Term Sheet here.) This will help Wall Street banks by preventing them from having to write down, or take loan loss reserves against, loans they have made to these states and municipalities.
But in addition to the Wall Street bailout programs set up by the Fed using taxpayers’ money to eat the first losses, the Fed is also running an alphabet soup of other programs which are not using taxpayers’ money (raising the suspicion that it’s only demanding taxpayer money where it knows it’s going to experience losses). For these other programs, the Fed is strictly using money the Fed has created out of thin air. Amounts outstanding as of May 6 are as follows in these programs:
U.S. Dollar Swap Lines to Foreign Central Banks: $444.89 billion
Repo Loans to the New York Fed’s Primary Dealers: $172.7 billion
it's way moar than that
Discount Window Loans to Depository Banks: $26.5 billion
Paycheck Protection Program Liquidity Facility
(the money is not going to small businesses. It’s going to reimburse banks that made these loans to small businesses): $29.1 billion.
Primary Dealer Credit Facility
(loans at ¼ of one percent to the trading houses on Wall Street (a/k/a primary dealers): $14.9 billion.
https://wallstreetonparade.com/2020/05/the-fed-hasnt-spent-a-dime-yet-for-main-street-versus-735-billion-for-wall-street/
TAMPO76 E-6B Mercury TACAMO from Tinker AFB south into the gulf and then spent a descent amount of time over Huntsville, AL Int'l Airport which is just west of Redstone Arsenal
gotta put all this shitty debt somewhere right?
The ETF buying (FRBNY-managed by Blackrock) that started yesterday is leaving out JP Morgan and Shitigroup.
dwarfs…..how ironic