Relevant:
- Quelle Surprise! Fed Lent Over $110 Billion Against Junk Collateral During Crisis
- Michael Gayed: The Wrong Rates Are Rising (JUNK BONDS TURN OVER)
- The U.S. Student Loan Implosion: By The Numbers
- Will $4.6 Trillion Leveraged Loan Market Cause The Next Financial Crisis?
- Fed said to have emergency plan to intervene if U.S. defaulted on debt
2011-04-01 — bloomberg.com
"At the height of the financial crisis, the Federal Reserve allowed the world’s largest banks to turn more than $118 billion in junk bonds, defaulted debt, securities of unknown ratings and stocks into cash."
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