The Fed is handing out money in massive amounts provided:

Your debt is big enough to matter 
You are struggling to service it
If you have been prudent or you are not big enough to matter, well, sorry. That's just too bad.

That is the message Marcus Stanley accurately put together in this thread.

In our comment to the Federal Reserve last week we pointed out how the Fed is handing out money almost no effective conditions. Public credit can be tapped for all kinds of deal funding, by private equity, and without retaining employees 

Now the Fed has outlined new credit rules for $600 billion in "Main Street Lending" that will make things even worse.

First, they added a new avenue for heavily indebted companies to access public credit. Many of these companies will be private equity owned. These companies can borrow up to six times their adjusted 2019 earnings -- we know these "EBITDA" metrics are often manipulated