Fed Amends Rule To Limit Bank Emergency LendingMani
The Federal Reserve adopted a new rule Monday requiring that every new Fed lending program be designed broadly enough that at least five potential recipients could be eligible to participate.
The Fed’s latest rule would curtail the central bank from providing emergency lending to a single failing firm, like AIG, and also would bar the Fed from making loans to insolvent firms.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible