Fed Creates the Dealer's Dole, Affirms Croney Socialism

Jesse's Café Américain: Fed Creates the Dealer's Dole, Affirms Croney Socialism: "Fed Creates the Dealer's Dole, Affirms Croney Socialism


The Fed cuts the Discount Rate by 25 basis points, and creates a new lending facility for the banks to lend to the brokers to be called the Primary Dealer Credit Facility (PCDF) aka the Dealer's Dole or Aid to Dependent Millionaires."

courtesy of Jessie's Roadside Cafe'