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For those concerned about the Federal Reserve's violation of FRA 13(3) and CARES 4003(c)(3)(B) protections (which "for the avoidance of doubt" are explicit about collateral and avoidance of taxpayer losses), the Fed answers to your reps in Congress.
hussmanfunds.com/comment/mc2004…
… and here's where we watch a crime unfold in real-time Image
Note this: I care about Fed buying uncollateralized securities because it's an illegal diversion of public money.

But if you imagine a $6.5T Fed BS (85% which is U.S. Treasuries & MBS), is a "put" for $42T of corp equities+$10T nonfin corp debt+$23Tn T-bonds, you're in trouble. Image
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