If you want to learn how the FED operates then instead of relying upon the continuous erroneous information being posted here a good entry point would be to look at what the FED says about that very subject.
The Fed’s New Monetary Policy Tools | St. Louis Fed (stlouisfed.org)
Now a legal technicality. Companies and banks for that matter go into liquidation not bankruptcy.
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If you want to learn how the FED operates then instead of...
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