Can anyone explain or provide links to information as to how Special Purpose Vehicles effectively give power to the Treasury Department over the Federal Reserve?
The story goes that the Fed will finance these SPVs and the SPVs will control retail lending from subsequent govt agencies. How does this give control to the Treasury Dept? The Fed still manufactures the money and lends it to the Treasury?
Not arguing, I just can't find any details as to how this works and from where this arrangement originated.