Regarding your editorials “Financing an Economic Shutdown” (March 17) and “The Fiscal Stimulus Panic” (March 18): You say the best way to keep companies and individuals solvent is to have the Fed create a new facility that could lend to companies hit by the economic shutdown, and that the borrowers would have to “present good collateral . and have been solvent before the viral panic took hold.” I’d like to ask who will manage this process? Will the companies have to provide audited financial statements? What if the companies don’t have audited financials (like most small companies)? Who will determine whether the...

Source: Wall Street Journal March 22, 2020 16:41 UTC