Common sense commentary on the covid 19, politics and the economy.
completely ridiculous
Sounds like the fed may still not have a real plan as to what to do about our financial system. Regardless of what they decide to do or come up with several different plans the tax payer is on the hook now and will continue to be put on the hook for more and more until the banks are forced to priced their bad assets to the market and either survive or go under. Citi already is back for more funds and the government is actually listening. How absurd is this picture. The bank can't sustain itself and we are continuing to prop it up expecting these toxic assets to suddenly become saleable.
your feedback and opinions welcome.
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your feedback and opinions welcome.