Does it say that the Fed can purchase equity stakes in private companies? So not only is the Fed doing things outside of its legal authority, it is playing games, that if played, are only to be done by the Treasury.
Why don’t we do it that way? Perhaps adding another $30 billion to the Obloated budget deficit will finally make people think it is not fiscally responsible? Seriously, if you capitalized the value of implicit taxpayer obligations that are sitting on the Fed’s balance sheet, we are talking trillions more that the Treasury is on the hook for.