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SergeStorms

(20,791 posts)
1. Return the money, huh?
Thu Nov 19, 2020, 07:52 PM
Nov 2020

"Mnuchin’s letter adds that the Fed will have to return unused money back to the Treasury, estimated to be about $429 billion, once the targeted facilities close down. ... The Fed begged to differ, arguing that financial markets and the economy still need the backstops. Economists have warned of the threat of more shutdowns as COVID-19 cases break new highs across the country."

Trump is gathering all the taxpayer money that isn't being used at the moment, and he'll disburse it as "parting gifts" to loyalists. Of course Trump will receive the lion's share, but even if you received a paltry 1% you'd stand to have a $4 billion windfall. Even for "The Mnuch" that ain't chickenfeed. His gold-bricking wife will want half of that just to remain on "The Mnuch's" arm for the near future.

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