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A comment on BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses. Parent comment
Step 1: Fed conjurs D dollars into existence
Step 2: Fed trades D dollars for a stack of paper
Step 3: Fed trades paper stack for (1-r)D dollars
The net effect is the Fed giving away rD dollars. If the Federal government gives away any dollars, it is taxpayers footing the bill.
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Step 1: Fed conjurs D dollars into existence
Step 2: Fed trades D dollars for a stack of paper
Step 3: Fed trades paper stack for (1-r)D dollars
The net effect is the Fed giving away rD dollars. If the Federal government gives away any dollars, it is taxpayers footing the bill.