Looking forward at the The Big Picture and Economics of the Tumultuous 2020's
Monday, June 29, 2020
List of the major corporations bailed out this spring
This guy puts together a daily video, chock full of interesting financial info from the actual sources. He does this every day. In March, at the end of the big stock drop, most of corporate America was insolvent or close to it. The Fed created more money than is ever has, to prop up these companies, and gave a few crumbs to Main Street America, the REAL economy. In this video, about ten minutes in, you can find a list of companies The Fed is supporting. Meanwhile, millions of small businesses are teetering on a knife's edge, trying to simply stay in business after the shutdown.
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