3 ms·
Ignoring (increasingly common) bailouts, basically, yeah.
by Groxx 7y ago
Ignoring (increasingly common) bailouts, basically, yeah.
- 0x8BADF00D 7y agoEven if the Fed nationalized every US company, the interest rate would skyrocket in the corporate debt market. It actually makes things worse. No creditor will want to touch those bonds, hence the interest rate naturally increases to entice would be creditors.