Bernie Sanders and AOC Blasts Fed's $1.5 Trillion Injection into Money Market as the US Govt doesn't Provide Health Care to All
March 14 , 2020
Vermont Senator and the US Democratic Presidential hopeful Bernie Sanders along with Rep. Alexandria Ocasio-Cortez questioned why the US Federal Reserve was able to inject $1.5 trillion into the money markets on Thursday to boost the financial markets but was unable to take care of the working people. Ocasio-Cortez (popularly called AOC) said: “FYI, the amount that the Fed just injected almost covers all student loan debt in the US… we need to care for working people as much as we care for the stock market”. The US Presidential hopeful Bernie Sanders (known for promoting “Medicare for All” and forgiving student debt) said that “When we say it's time to provide health care to all our people, we're told we can't afford it… But if the stock market is in trouble, no problem!” On Thursday, the US Fed injected $500 billion into money markets and committed to offering an additional $1 trillion on Friday and weekly throughout March. The announcement came at a time when the 3 major US stock indices the Dow Jones Industrial Average, the S&P 500, and the Nasdaq dropped anything between 9-10% on Thursday. After the announcement, the stock indices showed signs of recovery on Friday.