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Details of how these plans would work are unclear. Democrats said the brand-new expense would provide Mnuchin and the Fed total discretion about how the cash would be dispersed, with little openness or oversight. They criticized the proposition as a "slush fund," which Mnuchin and Donald Trump might use to bail out preferred business. News outlets reported that the federal government would not even need to recognize the help recipients for approximately six months. On Monday, Mnuchin pushed back, stating individuals had misunderstood how the Treasury-Fed partnership would work. He might have a point, however even in parts of the Fed there may not be much interest for his proposition.
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