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Response to Thekaspervote (Reply #15)

Thu Mar 26, 2020, 12:04 PM

68. The bill gives Mnuchin (tRump's direct report) full authority and control of decision making over

$450 billion that can be leveraged by the Federal Reserve by up to 10 times that amount -- i.,e., sole authority over ultimately $4.5 trillion by Mnuchin in concert with the Fed Reserve if I'm reading the info on this link right and the article is correct about it.

[link:https://www.huffpost.com/entry/steve-mnuchin-unemployment-not-relevant_n_5e7cb949c5b6256a7a25ecec|

If this is correct, I'd say that that isn't a safeguard, it's a give away of astronomical proportions. I'm pretty sure I know exactly where most if not all of that money will go -- not in the hands of American workers who are impacted by COVID-19 and must use up their savings (if they have any) to survive.

I am skeptical about the efficacy of the "safeguards" given this info. I mean seriously, what could go wrong?

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