Treasury Secretary Mnuchin:The impact of the virus was initially underestimated internationally

[Nighthawk]

Treasury Secretary Mnuchin is speaking saying:

• The impact of the coronavirus issue was initially underestimated internationally
  
• Working on economic options to back affected people and companies
  
• Working with Congress, international organizations on virus
  
• Met with Pompeo this morning on coronavirus
  
• Hosting G7 calls on coronavirus
  
• In touch with the IMF, World Bank, regulators on coronavirus
  
• First concern on coronavirus is protecting US economy
  
• Small, medium size businesses need help for costs as employees self quarantine
  
• Looking at big increase in lending to small companies

 

[Nighthawk]

• Hundreds of billions of dollars can be put into economy with deferred tax payments
  
• May provide over $200 billion of liquidity by tax payment delays
  
• Loan guarantees is a very effective way to a companies without putting taxpayers at risk
  
• Assumes airlines would be at the top of the list
  
• Pres. feels strongly that companies need to be protected, not bailed out

 

[zdreg]

Pres. feels strongly that companies need to be protected, not bailed out

Let's see when the shit hits the fan whether the President will go for a socialist solution or not.

 

[Cuddles]

I didn't even underestimate the spin coming from this admin Munchkin

 

[Noone123]

I am not fighting the Fed. They still have ammo to support this market. Rally time for now!

 

[Cuddles]

I am not fighting the Fed. They still have ammo to support this market. Rally time for now!

 

[Peter8519]

He has almost 3 months to witness what had happened in China. He probably believe that ACE2 gene crap.

 

[zdreg]

I am not fighting the Fed. They still have ammo to support this market. Rally time for now!

Keep making ridiculous forecasts. Make them as outrageous as possible. Someday you will be proven right and by then people will have forgotten all your wrong ones.