The Fed Helped Companies Borrow Money. Some Laid Off Thousands Anyway

It's even possible that deep-pocketed hedge funds and private equity funds could borrow money through the companies they own with no obligation to pay it back if they fail, Stanley adds.

"This could potentially lead to some of the wealthiest people in our society basically absconding with some of this loan money," he says. The Fed's willingness to act as a lender of last resort has sent a message to investors that it's safe to come back into the water, and many have eagerly rushed toThe Nasdaq composite index is at a record high, and the other major indexes have recouped much of the ground they lost earlier in the spring."The U.S.

But the overall economy hasn't performed as well, and the danger is that the recovery will be lopsided, Raskin says. "We're going to likely end up with an economy that is not recovering at the same rate. So people who own stocks and bonds, those people will recover, will do better quicker than, say, small business owners," she says.

Source: News Formal (newsformal.com)

Wow. This sort of “helicopter money” used to only go to banks. Now it goes to any company. Nice...

I'd say since we were on the verge of economic collapse and it hasn't happened, we're all reaping the benefits.

NPR is fakenews BLAMING STATES OPENING AND NOT THE MASS PROTEST GATHERINGS for upticks in Wuhan coronavirus. Disgusting pathetic fear mongering Democrat losers why in the world does tax money support this? defundnpa EnemyOfThePeople realDonaldTrump TRUMP2020

🤔

Stop the stimulus money- everyone is not receiving it; wrong people are receiving

Replace 'not everyone' with 'only the 1% are benefiting from a system inherently designed around only benefiting them.'

Really? The oligarchy is not benefiting us

Now do college student loans. It wasnt perfect before but it sounds like within the last few years with taking it out of the feds hands it is a mess for the borrowers.

All Amerhican home owners must have Life alert!

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