When the federal government acts as an insurer of last resort against correlated phenomena, but does not have any ability to set premiums or regulate behavior,

When the federal government acts as an insurer of last resort against correlated phenomena, but does not have any ability to set premiums or regulate behavior, companies will seek to maximize their risk in these situations. This includes buying back stocks with low interest loans. This is not the Fed's job. If these companies want to file claims, they will need to talk directly to their insurer, the taxpayers.