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BOMBSHELL: Secret provision sets up mysterious $450 billion coronavirus bailout fund — with almost no oversight

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A last-minute provision tucked into the coronavirus recovery bill allows the Federal Reserve to set up a $450 billion bailout plan with almost no oversight.

The previously unreported provision — which makes the bailout funds exempt from the federal open meetings law — was inserted into the 880-page bill during the rush to get it passed, Politico revealed.

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The central bank won’t be required to announce its meetings or keep most records about discussions about which firms might benefit from the bailout, although the board would have to record its votes — which could remain out of public view until after the crisis is over.

“We may never know what terms are being given to banks, what collateral is being offered, what repayment methods and duties banks and other financial institutions may have, and those are important questions,” said Charles Glasser, a media attorney who sued the Federal Reserve over public records related to the 2008 financial crisis. “This is written too broadly and allows the Federal Reserve to avoid its responsibilities of public disclosure as the courts have described them.”


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2020 Election

‘Insanity outside the White House’: After Trump stokes tensions, fresh clashes between police and protesters

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As protests against police violence and the killing of George Floyd continued in cities across the U.S. on Saturday, a massive crowd gathered outside President Donald Trump's White House as demonstrators again turned their ire and demands for justice and healing towards the nation's most powerful elected official. After tensions built, clashes erupted between law enforcement and demonstrators.

Tensions flared near the White House. Not sure what triggered it, all I saw was a blast of pepper spray and a sudden sprint backward. There’s a lot more pressure on the police cordon and they’re pulling out gas masks. pic.twitter.com/X4uCQRzPkw

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Ocasio-Cortez blasts her NYC mayor for ‘making excuses’ for NYPD violence against protesters

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The youngest woman ever elected to Congress ripped her city's mayor on Saturday for "making excuses" for New York Police Department actions.

In videos that circulated widely on social media, NYPD cruisers can be seen driving into pedestrian protesters.

https://twitter.com/RawStory/status/1266915796770598912

Rep. Alexandria Ocasio-Cortez (D-NY) blasted New York City Mayor de Blasio for defending the NYPD.

On Twitter, she told the mayor, "your comments tonight were unacceptable."

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‘Light ’em up’: Police open fire on people filming them from their front porch

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Video reportedly taken from the Wittier neighborhood of Minneapolis on Saturday shows authorities shooting projectiles upon people filming them from a front porch.

On Friday, Minneapolis Mayor Jacob Frey imposed a curfew on the city, but his emergency order did not apply to citizens' homes or front porches.

Yet a video posted on Twitter shows a Minnesota National Guard humvee rolling down residential streets, followed by a group of police.

"Look at this, they just keep coming," a woman is heard saying as the camera shows the police.

"Go inside. Get inside," the police shouted.

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