Quotes of the Day: On Moral Hazard

Stocks staged an impressive turnaround this morning on this news:

“The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday.”

Here’s Artemis Capital’s CIO Christopher Cole on moral hazard:

“Imagine if the Fed (via tax-payer funded Treasury SPV) back-stopped the debt of Enron and Worldcom back in the early-2000s?

Both of these companies were “fallen angels” that employed a lot of people.”

Everyone loves a buoyant market. Thing is, in the long run it matters how we get there…

Trader/CNBC commentator Jim Iuorio agrees:

“There is nothing good about the Fed buying corporate bonds. This is a wild overreach and dramatically increases the likelihood of this ending in terrible tears..this is no joke..”


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat