"O Jerusalem, Jerusalem. You who murder the prophets, and abuse those whom God has sent as messengers to you. How often I have longed to gather your children together, as a hen gathers her young under her wings— but you would not let me. As you have willed it, so your house is now yours to command— but is made desolate. For I tell you truly, you will not see me again until you say, ‘Blessed is he who comes in the name of the Lord.'” Matthew 23:37-39
We'll give you two guesses where the Fed is taking that debt, and on behalf of whom they are taking it.
Hint: Do not ask for whom the bell tolls....
Special Fed lending facility in place; non-recourse facility to manage up to $30B of illiquid assets, largely mortgage-related
