Mnuchin Declines to Extend Main Street Lending Program: Commentary
Treasury Secretary Steven Mnuchin asked the Fed to continue for another 90 days programs that provided short-term “commercial paper” loans to businesses, as well as another for money market functioning and a backstop related to the Paycheck Protection Program. However, Mnuchin also asked that other programs that were supported by Treasury capital come to an end for now. They include two facilities that bought corporate bonds as well as the Main Street Lending Program, which was targeted towards small- and medium-sized businesses.Q3 2020 hedge fund letters, conferences and moreAs the COVID-19 p...