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re: Very big PPP development—FED will buy the loans
Posted on 4/6/20 at 7:13 pm to TerryDawg03
Posted on 4/6/20 at 7:13 pm to TerryDawg03
Well not like TARP but much closer
It is sort like the FED decided to go direct in the loan buying business instead of buying the T-bills the government would have issued as the SBA paid the banks for the loan forgiveness.
It is sort like the FED decided to go direct in the loan buying business instead of buying the T-bills the government would have issued as the SBA paid the banks for the loan forgiveness.
This post was edited on 4/6/20 at 7:16 pm
1
Posted on 4/6/20 at 7:18 pm to I B Freeman
quote:
It is sort like the FED decided to go direct in the loan buying business instead of buying the T-bills the government would have issued as the SBA paid the banks for the loan forgiveness.
They’ve completely taken Treasury out of the equation now.
Banks are nothing more than agents being paid points to originate these PPP loans.
This is huge, and not in a good way.
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