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Powell: “”we’re required to get full security for our loans so that we dont lose money”

Summary:
Morons:  "Fed can just run negative equity!"Wrong.... Watch Chair Powell on the @TODAYshow: https://t.co/doaDYcIRIa — Federal Reserve (@federalreserve) March 26, 2020

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Morons:  "Fed can just run negative equity!"

Wrong....

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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