Another 5.2 million Americans filed jobless claims last week, for a depressing total of 22 million in a month. The worst is far from over, which makes it all the more puzzling that the Federal Reserve and Treasury have been so stingy with their Main Street Expanded Loan Facility that is supposed to offer liquidity support for mid-sized companies.
The Fed last week unveiled its Main Street program as part of a $2.3 trillion lending effort that is heavily tilted toward relief for Wall Street. But the stipulations and strings...
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