ETF Products and Incompetent Fed

Last year (2019), before there was any news of "COVID-19" some large real estate funds in the UK has to stop withdraws.  Most of this was continued spillover going back to Britain's Exit from the EU which has been a slow train wreck for the commercial property market now for years.  These halts on withdraws started a conversation about the elephant in the room: ETF's in the US that hold long dated corporate debt of all kinds yet advertise themselves as "liquid".  Well so much for that.  Not only is advertising "liquid" totally misleading and should be illegal outright. Many found out that in reality these products should not be in existence at all. Yet they are and now the Fed is endorsing these misleading funds that should be banned.

ETF products are as the acronym states: Exchange Traded Funds.  Now, why on earth would the SEC have ever allowed, especially after the lessons learned during the last financial crises in the Money Market Industry (where those idiots managing money market accounts were buying long dated securities that became illiquid during the "crises") ETF's that hold long dated securities to advertise themselves as "liquid"?  The Money Markets had to be bailed out even though the Money Market Industry was SPECIFICALLY NOT INSURED and was clearly stated as so.  But then WTF?  Every Tom, Dick and Harry back then could get a quick banking license so they could put the US Taxpayer and the Fed on the hook for their survival... I could go on about that BS but you all know that history.

Here today we have an entire "industry" run by the largest "grey" banking organizations in the US, uninsured, speculating, monoliths. They are uninsured custodians to Trillions of Dollars.  They create ETF products, many of which "invest" or buy long dated debt with short term money given tho them by "investors" who want access to markets they have no business being into in the first place. These criminals, I mean grey monoliths, claim (and pay lots of money to PR organizations that promote them) to show, they "provide liquidity" to an industry that previously was not traded on exchanges at all. Yea, well when the market is expanding / rising and money is flowing in they rake in huge profits and grow their ETF's exponentially. Then when people want to "sell" these supposedly "liquid" Funds during a market correction, they cry "liquidity crises" and run to the Fed.  WTF?  And the Fed has been all to accommodating for OVER 10 YEARS NOW to these idiots.  The Fed IS the entire credit market now.  I don't give a damn if they are buying fractions or just a billion here and there, it adds up to tens of billions of "created" dollars chasing otherwise illiquid "assets" where the money simply flows to the only "liquid" place left in the ENTIRE UNIVERSE of our supposedly capitalistic "markets", the stock market.  Buying ETF products by the Fed is a crime against the American People, Period.  They are buying these "products" with money given them by the Criminal Assh)L@ running the Treasury right now and the dweebs who shut down the country and created the bill that allocated the money in the first place.  But that is another topic of discussion.

How these ETF products can continue to perpetuate in the market is beyond belief.  They should be frozen to new investors and be wound down immediately then closed and no "fund" or "money market" or any other "product" should every be allowed to exist that advertises itself as liquid when everybody in the damn universe knows this is not the case.  In addition, the Fed needs to stop buying indiscriminately any and all credit products in the name of "providing liquidity" again!  The Market is a Market and "liquidity" has been stressed for some time now DUE TO THE FED's distorting crises based policies that have continued for over 10 years that CREATED an environment that so encouraged leverage that without a complete and total "reset" of the entire financial system, we are in serious trouble of the likes that humanity has never seen.