US Federal Reserve backstops rising corporate debt mountain
US Federal Reserve backstops rising corporate debt mountain As the WSWS noted, there was one notable feature of the passage of the $900 billion relief bill through the US Congress earlier this week that demonstrated the absolute loyalty of the Democrats to the Wall Street financial oligarchy. After abandoning aid for cash-strapped cities and states to provide services and agreeing to a grossly inadequate one-time payment of $600 to most working people, they rose up in arms against at attempt to restrict operations by the Fed to bolster major companies. The Federal Reserve headquarters in Wash...
Source: wsws.org