UH OH, White House Seeks Financial Crisis-Era Powers to Buttress Economy

[yortsed snacilbuper]

Treasury Secretary Steven Mnuchin said on Sunday that he would ask Congress to reinstate powers that were used during the 2008 financial crisis to support the economy as the coronavirus threatens to grind business activity in the United States to a halt.

The comments suggest that the White House is bracing for a widespread downturn that could harm sectors well beyond the travel and cruise ship industries, and that the federal government could need to return to the type of crisis-era measures that were ultimately scaled back by lawmakers in the 2010 Dodd-Frank Act.

Mr. Mnuchin and Jerome H. Powell, the chair of the Federal Reserve, have spoken daily about how to buttress the economy, which faces the prospect of a deep recession as the coronavirus spreads around the world.

link

[spanone]

1. Looting of the Treasury.

[CanonRay]

2. I wouldn't trust these yoyo's

with the keys to a car with no engine and four flats

[evertonfc]

3. this will be worse

[dhol82]

4. We are doomed!

[walkingman]

5. Ever notice how it is always a GOP administration that is in power when we have a financial crisis?

[maxrandb]

6. Isn't it time we tell the wealthy

"Let them eat taxcuts"

[maxrandb]

7. Mnuchin is the first one of these fucksticks

I want to see in prison.

[JCMach1]

8. How f'd is it I trust Mnuchin more than almost all these other

Yahoos

[KatyMan]

9. It's taking so long on the testing

Because they're working out how to make money. And loot the treasury as was said.
Fuckers.