https://www.zerohedge.com/markets/unprecedented-intervention-fed-will-purchase-125-billion-securities-every-day
. . . to kick the can down the road. Why is the preferred action an extreme move to the Left? And why does the Left or anyone else think that paying a financial institution worthless money for debt-laden securities will solve any of the economic problems? Because it will not. It will not solve anything. Our government will not become solvent, nor will our financial institutions become solvent (solvent is having more assets than liabilities). We will remain insolvent. Actually, we will become more insolvent because we are adding more fiat paper money to the economy.
Washington DC is buying toxic debt with more debt. How does that work? So we will face a deeper economic problem down the road, maybe the next generation will get to deal with it. And that will make the government look good to the present generations. The new mantra appears to be, 'if it ain't our problem, it ain't a problem.'