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

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Donald Trump Coronavirus Task Force, White House photo.

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

Mental health expert: Trump is waging ‘psychic terrorism against Black Americans

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A prominent Black psychologist is accusing President Trump of waging "psychic terrorism" against Black Americans, and warns that the "psychological trauma" experienced by people of African descent won't simply go away if Trump loses the election.

Dr. Kevin Washington, the former president of the Association of Black Psychologists and the head of the sociology and psychology department at Grambling State University, studies the cultural and historical trauma of people impacted by the legacy of slavery in America. In a recent interviw, he told Salon that the president's rhetoric has effectively given "permission" to act out on "white supremacist" ideology, but was not the primary cause of rising racial tensions across the country.

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2020 Election

There were several glaring omissions in the FBI’s bizarre announcement about election interference

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Director of National Intelligence John Ratcliffe and FBI Director Christopher Wray announced on Wednesday in a last-minute press briefing that both Iran and Russia have obtained voter registration information and have "taken specific actions to influence public opinion."

In particular, Ratcliffe said that Iran has been found to have sent "spoofed emails designed to intimidate voters, incite social unrest, and damage President Trump." He seemed to be referring to an incident described in a Washington Post story published right before the conference, which said the U.S. has concluded that Iran had sent emails pretending to be from the right-wing group the Proud Boys to Democratic voters.

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Termination of this top Pentagon official reveals another disturbing pattern in the Trump administration

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Warren Whitlock enjoyed a remarkable career as a diversity officer at the federal Transportation Department, winning victories for poor communities of color that his superiors thought impossible. There’s even a documentary film about his success in getting municipal bus service for a Black neighborhood in Beavercreek, Ohio, that had been intentionally bypassed.

In its waning days of the Obama era, the Army chose Whitlock to become one of its highest-ranking Black civilians. His task: resolve diversity issues that had languished for years, some since George Herbert Walker Bush was commander-in-chief nearly three decades ago.

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