The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase
This is the crony system out in full view. The big companies get sweet credit deals from the Fed while the little guys continue to go out of business en masse.
…Companies include Nike, broadcaster Fox Corp., Paypal, Target, Campbell Soup and chipmaker Broadcom. The central bank is also purchasing pools of bonds in exchange-traded funds, which operate similarly to mutual funds.