Fed's Kaplan: Small and medium-sized businesses worried about survival

Author: Adam Button | Category: Central Banks

Comments from the Dallas Fed President

Kaplan

The bailout package directs funds at "small-and-medium sized" businesses with up to 500 employees... per site.

Any mom-and-pop operation that thinks it's going to get a real helping hand is going to be fighting some very large companies for that money.

The reason Wal-Mart shares hit a 52-week high last week wasn't because they're going to out-compete Target during this pandemic. It's because all their main street competitors are going to come out of this on life-support at best.

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