The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying

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July 1, 2020 by directorfsm

Recently legislator’s in Mississippi, decided unilaterally, without the consent or vote of the people of MS to remove the state flag even before having a replacement in place. Why because the flag was the Battle Flag of the Confederacy and to some it only represented slavery. 

To the fully educated, one another reason the Confederate battle flag was brought into existence was because criminals in the federal government were looting the federal treasury in the 1830s and onward to prop up corporations such as steamboat and railroad corporations and our Southern Confederate forefathers wanted to separate from the national thieves, liars and murderers before they destroyed the entire nation.  Now, we are seeing it come to pass before our very eyes again…


Federal Reserve

Kevin Lamarque/Reuters

The Fed bought debt in Warren Buffett’s Berkshire Hathaway, Coca-Cola, Walmart, and McDonald’s in its first spree of corporate bond-buying

Saloni Sardana

Jun. 29, 2020, 12:12 PM

  • The Federal Reserve spent $428 million buying debt in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed.
  • It bought the corporate bonds in households names such as Walmart, Coca-Cola, McDonald’s, and Warren Buffett’s Berkshire Hathaway, the data showed.
  • The Fed spent $5.7 million on debt in Berkshire Hathaway Energy, a subsidiary of Buffett’s conglomerate.
  • $6.8 billion worth of corporate debt ETFs were also bought by the Fed, with the central bank pouring $1.8 billion into a single ETF.

The Fed bought $428 million worth of corporate bonds in its first foray into company debt as part of its response to the coronavirus, snapping up debt in household names like Coca-Cola, AT&T, and Berkshire Hathaway in the process.

A transaction list disclosed Sunday shows the Fed’s first round of company bond purchases, showing that the central bank bought debt in some 86 different companies as it fights to keep corporate America afloat amid an unprecedented economic shutdown…

Read in Business Insider: https://apple.news/AEWjbSjPQR7GBlj6cFHgfPg

 

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