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KM Financial Solutions | UPDATE 2-In rescue effort, Fed has broad stake in corporate America’s fortunes
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UPDATE 2-In rescue effort, Fed has broad stake in corporate America’s fortunes

28 May UPDATE 2-In rescue effort, Fed has broad stake in corporate America’s fortunes

Posted at 23:09h in News by
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The U.S. central bank now has a stake in
the fortunes of a broad swath of corporate America after buying
about $1.3 billion of bond funds with debt issued by firms in
all walks of the world’s biggest economy, from Apple Inc
to a clutch of companies in bankruptcy.

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