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> Unless they directly issue to the fed and use the proceeds to pay off prior debt True, it could happen, but it would take away from the profits banks and sec
by cinquemb 6y ago
> Unless they directly issue to the fed and use the proceeds to pay off prior debt
True, it could happen, but it would take away from the profits banks and secondary market participants get from issuing it directly them selling the debt to treasury dept leveraging fed bucks :P
- vmception 6y agohaha thats also happening, the fed is operating two new programs Check it out Primary Market Corporate Credit Facility Secondary Market Corporate Credit Facility https://www.federalreserve.gov/monetarypolicy/pmccf.htm https://www.federalreserve.gov/monetarypolicy/pmccf.htm https://www.federalreserve.gov/monetarypolicy/smccf.htm https://www.federalreserve.gov/monetarypolicy/smccf.htm
- cinquemb 6y agoYup, i've been following the alphabet soup of insolvency for a while[0] [0] https://wolfstreet.com/wp-content/uploads/2020/07/US-Fed-Balance-sheet-2020-07-02-SPV-.png https://wolfstreet.com/wp-content/uploads/2020/07/US-Fed-Bal...