Holy crap. ".. only one of them has received funding" – the Secondary Market Corporate Credit Facility.
But that's literally also the one that's illegal. The Fed can't "leverage" public funds 10-to-1 because CORPORATE DEBT IS NOT ITS OWN COLLATERAL @CREWcrew @ChrisVanHollen https://t.co/tuf3Qc9Fkn pic.twitter.com/tTg2yul76r
— John P. Hussman (@hussmanjp) May 20, 2020