By becoming a buyer of last resort for higher-quality assets, the fund is designed to make any unwinding of assets more orderly and prevent another wave of panic from taking hold of global markets.
But some critics, including former Federal Reserve Chairman Alan Greenspan, worry that the fund could prevent the establishment of a true market price for the securities. At the same time, others are concerned that the fund won't get up and running quickly enough to calm the markets.
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Will the superfund work?
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