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I literally posted the statement from the Federal Reserve on what they are doing. If you don't understand it or believe it is some clever fake, I don't know what to tell you.
Large corporations have taken on massive debt over the years. Often times to buyback their own stock. This poor decision made them vulnerable during an economic downturn.
The Fed decided they would buy up corporate debt. Both investor grade and junk. Essentially letting investors off the hook for their bad investments and allowing businesses to borrow even more money since the Fed is acting as a guarantee on these loans. It is a bailout and moral hazard.
It is a bailout. Just like the many other things they have been doing. The fact now over 40 million people are out of work and the markets are going up should be a pretty good sign that something else is happening.
There are tons of articles you can Google on what they are doing or just read the Fed's site where they tell you what they are doing.
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