News for hackers. Stuff that matters.

A comment on Federal Reserve slashes interest rates to zero. Parent comment

Re:Federal Reserve slashes interest rates to zero by internet_user on Sunday March 15, 2020 @06:29PM (#22587409)
Why can't they just spin up an LLC that would buy stocks/ETFs and just write loans to it?

Why would that need congressional approval? Seems like exactly what they've done with Maiden Lane LLC

[ Parent | on HN ]
Re:Federal Reserve slashes interest rates to zero by thoughtstheseus on Sunday March 15, 2020 @06:55PM (#22587599)
They went through a bank, JPMorgan. The fed can lend to banks so they could execute equity purchases if they found a partner bank to actually do it.
[ Parent | on HN ]