Agreed, but that is their job. The Fed frequently plays the role of buyer/lender...

snarf21 on April 9, 2020 | parent | context | favorite | on: Fed to buy junk bonds, lend to states in fresh vir...

Agreed, but that is their job. The Fed frequently plays the role of buyer/lender of last resort. They are trying to prevent a collapse and will worry about unwinding later.