http://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/

In March, Yahoo was the first to report about the merging of the Federal Reserve and The US Treasury. “The Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.”

“In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”