Fed's balance sheet.!
Dear Investor... Coca-Cola. Berkshire Hathaway. Marriot. Phillip Morris.Walmart. These are just some of the companies whose debt was snapped up by the Federal Reserve as of mid-June, part of the central Banks unprecedented intervention in credit markets. What is happening: The Fed disclosed hundreds of millions of dollars in purchases of individual corporate bonds on Sunday, while identifying nearly 800 eligible issuers whose bonds it could buy down the line. This is like the Fed picking up all your debt at the best rate possible, only available for the big players, not mom and pop store owners. This action by the Federal Reserve has been lauded by investors for easing conditions in credit markets after they rapidly deteriorated in March, avoiding a potentially catastrophic corporate cash crunch that could have triggered a wave of bankruptcies. (Credit CNN Market Flash) ...