{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Lev Menand on the Fed\u2019s Lending Facilities and the Legal Concerns Surrounding Them","description":"Lev Menand is a legal scholar at Columbia Law School and has previously worked for the New York Fed, the US Treasury Department, and the Financial Stability Oversight Council (FSOC). Lev Joins Macro Musings to talk about his new paper, *Unappropriated Dollars: The Fed\u2019s Ad Hoc Lending Facilities and the Rules that Govern Them*. Specifically, David and Lev discuss opening up public Fed bank accounts, the importance of liquidity and credit facilities, and how Congress is using the CARES Act to skirt the Fed\u2019s current legal mandates. &amp;nbsp; Transcript for the episode can be found  here. &amp;nbsp; Lev\u2019s Twitter: @LevMenand Lev\u2019s Columbia Law profile:  https:\/\/www.law.columbia.edu\/faculty\/lev-menand &amp;nbsp; Related Links: &amp;nbsp; Bonus segment with Lev:  https:\/\/youtu.be\/N9qndjjju9A &amp;nbsp; *Unappropriated Dollars: The Fed\u2019s Ad Hoc Lending Facilities and the Rules That Govern Them* by Lev Menand  https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3602740 &amp;nbsp; *FedAccounts* by Morgan Ricks, John Crawford, and Lev Menand  https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3192162 &amp;nbsp; David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/14458379\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/73147520"}