"Will the banks collapse?"

My chosen title references this article that came out recently about corporate debt and CLOs:

https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/

Lo and Behold, the answer came today:

https://www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html

Make no mistake, this is a bailout shrouded in the midst of the coronavirus, and people will not pay attention because it is being done by the FED. There is no executive order, no bill in congress, so no noise for people to realize what is happening. $750 billion in bad corporate debt will be bought up to prop up this corrupt system, just like that. This is higher than the $700 billion bailout of 2008! For the bankers and investors, all the gambling paid off once again, and we are stuck with the bill in the form of higher asset price inflation.

Beyond infuriating.

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