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(ProPublica)   Say, what did happen to most of the bailout that was supposed to help the small businesses? It went into the pocket of the Deputy Treasury Secretary   (propublica.org) divider line
    More: Asinine, Private equity, Justin Muzinich, High-yield debt, Mezzanine capital, Treasury Secretary Steven Mnuchin, Leveraged buyout, Treasury's responsibilities, Ethics experts  
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1437 clicks; posted to Business » on 02 Jun 2020 at 8:16 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



11 Comments     (+0 »)
 
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2020-06-02 6:31:14 AM  
Drag this clown out of his house and beat him into a pool of his own piss in front of his family.
 
2020-06-02 6:39:25 AM  
Grifters gotta grift.

/ Fascists and grifters, why not both?
 
2020-06-02 8:56:40 AM  
In this administration? You have to be shiatting me.

/ we crossed the line into Banana Republic a while back
 
2020-06-02 8:58:59 AM  
It was obvious that someone was pocketing all the money.
 
2020-06-02 9:38:42 AM  
Grifting Republicans grifting?
Fark user imageView Full Size
 
2020-06-02 10:18:28 AM  
sad. a whole lot like work where the managers got all the bonuses.
 
2020-06-02 10:37:33 AM  
When did Fred Armisen become Deputy Treasury Secretary?
 
2020-06-02 10:59:40 AM  
Hey failmitter, you didn't bother to read TFA.

TFA is about the treasury official's investment firm benefiting from the broader market rally in corporate bonds in March and April spurred by the Fed's decision to buy corporate bonds.

A lot of asset managers, including public pension funds, benefited from that rally.

yes, the official should have fully divested himself from his firm. But was he skimming money off the top? TFA doesn't reach that conclusion.

the thing is, the rally sparked by the Fed's announcement was backed by hot air. The Fed announced corporate bond buying in late-March, but didn't buy a single bond until mid-May.

https://theintercept.com/2020/05/27/f​e​deral-reserve-corporate-debt-coronavir​us/
 
2020-06-02 11:55:03 AM  

dumbobruni: Hey failmitter, you didn't bother to read TFA.

TFA is about the treasury official's investment firm benefiting from the broader market rally in corporate bonds in March and April spurred by the Fed's decision to buy corporate bonds.

A lot of asset managers, including public pension funds, benefited from that rally.

yes, the official should have fully divested himself from his firm. But was he skimming money off the top? TFA doesn't reach that conclusion.

the thing is, the rally sparked by the Fed's announcement was backed by hot air. The Fed announced corporate bond buying in late-March, but didn't buy a single bond until mid-May.

https://theintercept.com/2020/05/27/fe​deral-reserve-corporate-debt-coronavir​us/


If you want people to pay attention to you perhaps don't open with juvenile alt-right name calling in the first word of your arrogant lecture. But thanks for making it clear I should just ignore you as I do not need any more of your ilk in my life or America's for that matter.

/ Nuked!
 
2020-06-02 12:10:15 PM  
 
2020-06-02 12:35:17 PM  
These propublica articles all ramble on with some gotcha premise

Yes, investigate reporting is vital. But this could have been summarized ala AP or Reuters article in about 5 paragraphs
 
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