Federal Reserve buys $428 million in Walmart, Berkshire Hathaway debt

The Federal Reserve keeps bailing out Wall Street, and nobody seems to be noticing. This is becoming egregious, even for a corrupt institution like the U.S. central bank.

When the Eccles Building announced it would start buying corporate bonds, the next question was: So, when will it begin to acquire stocks? Until it officially does, like the Bank of Japan or the Swiss National Bank, it is just scooping up the private sector’s debt.

According to new transaction disclosures under the central bank’s new programs, the Fed bought $428 million in bonds of some of the biggest companies. Who are these beneficiaries of an aggressive Fed?

Here are just some of them:

• Walmart
• AT&T
• Philip Morris International
• Ford
• United Health Group

There was another one: a utility subidiary owned by Warren Buffett and his Berkshire Hathaway holding company.

Jerome Powell keeps bailing out Wall Street.