There's no indication that they would actually deleverage if bailed out in this fashion.
FFS, these "strong businesses" are so extremely fragile that they are liable to go bankrupt because they can't roll over some of their debt. And now the Fed just wants to let them roll it over again consequence free.
Exactly. If your business was so dependent on rolling over bonds that you go bankrupt/de-lever massively in a 3-6 month window... how strong was the business?
