Wow!! MSM and Alt Media Agree on this Fed Disaster in the making

Well, here is an excellent MSM article on the New Federal Reserve Funded Socialism, where nobody BUT nobody is allowed to fail: 

https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html?__source=twitter%7Cmain

Chamath Palihapitiya: US shouldn’t bail out hedge funds, billionaires during coronavirus pandemic

Published Thu, Apr 9 20201:33 PM EDTUpdated Thu, Apr 9 20205:07 PM EDT

Jessica Bursztynsky@jbursz

Key Points

• Chamath Palihapitiya, founder and CEO of investment firm Social Capital, said the U.S. shouldn’t be bailing out billionaires and hedge funds during the coronavirus pandemic. 
• Palihapitiya added that he was concerned that the Federal Reserve’s plans to support to economy during the COVID-19 crisis are going to have consequences, and it would have been better to just give more money to Americans. 

And here is an excellent Alternative Media article on the New Federal Reserve Funded Socialism, where nobody BUT nobody is allowed to fail:

 https://global-macro-monitor.com/2020/04/09/wall-street-has-now-morphed-into-a-full-blown-soviet-sausage-factory/

Wall Street Has Now Morphed Into A Full Blown Soviet Sausage Factory

Posted on April 9, 2020 by macromon

To paraphrase the police officer who told me my old neighborhood had burned down during the 2017 NorCal fires,  “the markets are no more.”
After the Fed announced it is bailing out junk bonds today,  Wall Street has now morphed into a full-blown  “Soviet Sausage Factory.”
Jay Powell probably had no choice and needed to blunt the blow of another 6 million-plus print of new unemployment claims but isn’t Socialism and state intervention dandy?
We can understand providing support to local and state municipalities,  now strapped with severe cash flow problems as their tax revenues have gone to near zero,  but junk?