With latest moves, Fed becomes creditor in chief for U.S. business
By Howard Schneider
In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart of the “real” American economy. …Karen Petrou, managing partner at Federal Financial Analytics, was more blunt: “This isn’t helicopter money – it’s the Fed becoming a B1 bomber, dropping hundreds of billions into a desperate economy. When the funds land, they will do a lot of good.”