[toomuchtodo]

Requires Congress to act, as they have fiscal policy authority (versus the monetary policy authority granted to the Federal Reserve).

If neither are assisting, you have to play hardball yourself. Banks and commercial REITs have more to lose right now than retail tenants, hence why those businesses are firing the first shot and putting their offer to landlords on the table. “Pray I don’t alter the deal further”

This does not work for residential leases.

[lainga]

Did the recent money-market bailout fall under the Fed's remit? Yes, the mechanism was different, but they were basically acting like the FDIC in that they were rescuing household savings.

[toomuchtodo]

In times of crisis, folks are going to argue any actions the Fed takes are within their remit [1] (accepting equity securities as collateral for short term cash through a primary dealer facility?). The vast majority of households do not use a money market fund; their savings are in FDIC deposit accounts or credit unions.

If you want government insurance, use a government insured account, or let’s do away with the idea that some types of assets will be allowed to fail; the Fed will simply step in and backstop the entire economy with “unlimited support”.

[1] https://www.federalreserve.gov/newsevents/pressreleases/mone...