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.
