Bailout: Treasury Distributes $386M to Battle Plan Subscribers
Notice to Daily Battle Plan Subscribers:
WASHINGTON (AP) — The Treasury Department said Tuesday it has distributed $386 million to Daily Battle Plan Subscribers, the first awards from the federal bailout.
The Treasury Department said the latest capital infusions went to Daily Battle Plan Subscribers in 42 states and 14 different countries.
The new distributions were made Tuesday and mark the first money from the $700 billion bailout fund distributed since Obama became president. Under the law that established the fund, the administration has to publicly disclose its funding actions within two business days after the money is disbursed.
With the new awards, a total of $194.2 billion has been provided in the program that is purchasing stock as a way to bolster Battle Plan subscriber’s net worth and get them to resume more aggressive trading.
Separately, the Federal Reserve adopted a policy Tuesday aimed at preventing Battle Plan subscribers from ever losing money. The goal is to avoid losses on positions that are held, owned or controlled between now and 2016. The Fed said it will apply the policy to all stocks and ETFs that serve as investment capital as well as to special entities it set up to hold certain assets of Ultra and Inverse ETFs, especially FAS and FAZ.
If you seek even more capital, contact Uncle Barney Frank, the lovely Nancy Pelosi, the Easter Bunny, the Tooth Fairy, or Santa Claus.
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Larry Connors is CEO and Founder of TradingMarkets.com and Connors Research.