Not knowing the ramification of letting Lehman fall into bankruptcy, the Fed began purchasing commercial paper today (something Lehman did extensively). These short-term loans that businesses use to fund their daily operations were once heavily purchased by money market funds. However, a lot of those funds took a huge hit when Lehman bellied up. I
What if???
Not knowing the ramification of letting Lehman fall into bankruptcy, the Fed began purchasing commercial paper today (something Lehman did extensively). These short-term loans that businesses use to fund their daily operations were once heavily purchased by money market funds. However, a lot of those funds took a huge hit when Lehman bellied up. I