The Fed Just Picked the “Big Guys” (Again) Over Individuals
Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group In a recent disclosure to Congress, the Fed revealed that it just purchased $429 million in bonds from 86 corporations. They did this through something called a Secondary Market Corporate Credit Facility (SMCCF). Buried on the Fed’s website, the press release explains the intention behind this purchase of bonds: The SMCCF will … Read more