The Unfrozen $10 Trillion Market

The $10 trillion market was just completely unfrozen simply because the Fed said they would be there. The announcement effects on March 23 for the corporate credit facilities rehabilitated those markets. And again, in a complete work from home environment, you had more money being raised by companies without road shows. Just the restructuring experts I talked to had never seen anything like it. It's really interesting to hear that that discussion was possibly just the next step if massive purchases didn't work. But they did ultimately work. You just had to dial it up a bit, I guess.