UPDATE 2-In rescue effort, Fed has broad stake in corporate America’s fortunes
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.
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.
Posted by Reuters
