No. You need to give to main street.
Sen. Warner: Fed needs to lend to Main St. amid coronavirus https://yhoo.it/2vAA6Nh by @bcheungzpic.twitter.com/Yo17fzxwjG
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Congress has the power to create money *without* borrowing from the Fed. It is ridiculous Warner doesn't seem to even consider this possibility. During the Civil War Lincoln created the US Note for exactly this purpose. And it should not be a loan. It should be UBI.
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France has a 90% guarantee program that existing banks can offer lines of credit for 12-18 months. Quick app which is less than five pages online. Then they have something a bit more like SBA. LOC is best bc SMBs don’t know full impact yet. Think about market liquidity too...
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Agree. Don’t make the same mistake you guys did in 2008. The big corporation have enough to survive. Take the middle man out of the ecuación!! Help the American people and small business directly.
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Warner and Schumer are vipers voting against americans.
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