Up On Main Street
from Liberty Street Economics
– this post authored by Donald P. Morgan and Steph Clampitt
The Main Street Lending Program was the last of the facilities launched by the Fed and Treasury to support the flow of credit during the COVID-19 pandemic. The others primarily targeted Wall Street borrowers; Main Street was for smaller firms that rely more on banks for credit. It was a complicated program that worked by purchasing loans and sharing risk with lenders.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202102150522
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