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>inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? Banking clients are demanding more liquid assets (ie cash) than banks have access to,
by aguyfromnb 7y ago
>inject 1.5t" by that do they mean a 1.5t panic bailout for wall street?
Banking clients are demanding more liquid assets (ie cash) than banks have access to, so they are swapping treasuries for cash from the Fed.
It's not like this is banking profits; would you rather the bank fail and you or your business or your employer lose everything you had there? Because that is also an option.
- imtringued 7y agoPeople always forget that the bank bailout is ultimately about people protecting their own bank accounts. If you dislike the incompetent banks then take your business to a bank you trust.
- OGWhales 7y agoThere aren’t any
- FlyMoreRockets 7y agoCredit unions are generally trustworthy.
- chonitoe 7y agoI trust my BTC wallet.