Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
uhsguy · 1895 days ago · link · · parent · post: The Fed just pumped $128 billion into markets to pull down interest rates, its first injection in 10 years
You have to imagine that the order has come out that nobody big can be allowed to fail before the election but that’s over a year always and trying to prevent liquidation is going to dry up liquidity. The fed probably has mechanisms in place to do stealth bailouts but banks don’t magically become good just because they got bailed out.