The Fed Reopens Its Landfill For Distressed Assets
Mar 20th 2020 1:10pm EDT
The Fed Reopens Its Landfill For Distressed Assets Authored by Mike Whitney via The Unz Review, The Fed is reopening its most controversial and despised crisis-era bailout facility, the Primary Dealer Credit Facility. The Wall Street Journal describes the PDCF as “an overnight loan facility for primary dealers (that) provides round-the-clock backup source of funding […]
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