Day: March 21, 2020

What Trump’s Trillion-Dollar Bailout Gets Right, and Wrong

21st March 2020

It makes sense to reassure the markets that money market funds will be safe, although it does raise the question of whether the funds should pay the government for insurance if they’re going to get backstopped whenever times get tough. It also feels a bit like a backdoor bank bailout, since one effect will be […]

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