Moral Hazard Is Back: Fed To Bail Out Commercial Paper Market
Mar 17th 2020 10:00am EDT
Moral Hazard Is Back: Fed To Bail Out Commercial Paper Market Early on Sunday afternoon, just two hours before the Fed unveiled its ZIRP/QE bazooka, we wrote that the “Fed Is Expected To Announce CP Bailout Facility Within Hours Or Risk Money Market Panic.” That, however, did not happen – perhaps the Fed was hoping […]
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