Aug. 09, 2022
August 9, 2022 I oppose expanding liquidity facilities, especially using Main Street assets. We've seen this play out too many times and it always goes this way. Risk takers use main street assets aka pensions to bail themselves out, and then ask the federal govt to bail out the pensions. Everyone knows its political suicide to actually bail out those who made the risky and bad bets, so this is just another obfuscation of risk so that politicians can sell this as bailing out grandmas pension, rather than calling it what it is. I oppose expanding liquidity via main street. Sell member assets. Sleep in the bed you made.