I don't understand how that would work. Even the Fed can't backstop every company looking for short-term financing. How will they pick and choose exactly? This makes the survival of one firm vs. another basically a political crapshoot.
I don't understand how that would work. Even the Fed can't backstop every company looking for short-term financing. How will they pick and choose exactly? This makes the survival of one firm vs. another basically a political crapshoot.