Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnuchin says

[90DayFinancier 910]

 

https://www.marketwatch.com/story/the-fed-will-make-up-to-4-trillion-in-loans-to-businesses-to-rescue-economy-mnuchin-says-2020-03-22

 

Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.

“Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity that we can use to support the economy,” Mnuchin told Fox News on Sunday.

“Those are broad-based lending programs. ... We can leverage our equity working with the Federal Reserve,” he said.

 

 

[Just Paul 4,595]

I take those loans aren't interest free.

 

21 minutes ago, 90DayFinancier said:

“Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity that we can use to support the economy,” Mnuchin told Fox News on Sunday.

and it wouldn't make sense to pay down some debt?

 

Maybe the FED is just going to print up some more hundreds!

[90DayFinancier 910]

2 hours ago, Paul & Mary said:

I take those loans aren't interest free.

 

and it wouldn't make sense to pay down some debt?

 

Maybe the FED is just going to print up some more hundreds!

I think the treasury secretary is signalling that these are extraordinary times.  The ship to pay down the debt sailed with the tax breaks a few years ago.

[Voice of Reason 10,298]

1 hour ago, 90DayFinancier said:

I think the treasury secretary is signalling that these are extraordinary times.  The ship to pay down the debt sailed with the tax breaks a few years several decades ago.

Fixxored for ya.

[90DayFinancier 910]

1 hour ago, Voice of Reason said:

Fixxored for ya.

If you are not inventive enough to contribute your own rhetoric, please don't copy mine.

[Voice of Reason 10,298]

32 minutes ago, 90DayFinancier said:

If you are not inventive enough to contribute your own rhetoric, please don't copy mine.

The stuff you post is nowhere near rhetoric.  But at least you admit you are inventing it.  That's the first step to recovery.