Re:Fed’s Balance Sheet Exceeds $7T for First Time in History
by chroem- on Friday May 22, 2020 @02:51PM
(#23275538)
None of those small, low-profit businesses are receiving benefit from this Federal reserve money.
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Re:Fed’s Balance Sheet Exceeds $7T for First Time in History
by harryh on Friday May 22, 2020 @02:54PM
(#23275570)
Where do you think the money for PPP loans is coming from?
Re:Fed’s Balance Sheet Exceeds $7T for First Time in History
by chroem- on Friday May 22, 2020 @03:00PM
(#23275657)
The money may be coming from the Fed, but very little of it is going to small businesses. [1] What's more, PPP makes up a tiny fraction of the Fed's current coronavirus response.
[1] https://www.nytimes.com./2020/04/26/business/coronavirus-sma...