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Funny this came out right before the rates are to be raised tomorrow. These bank CEOs had to know Interest Rates were going to raise, I knew it would happen ev
by jmclnx 4y ago
Funny this came out right before the rates are to be raised tomorrow.
These bank CEOs had to know Interest Rates were going to raise, I knew it would happen eventually. So they should have started slowly selling their low rate assets years ago. Instead the got hooked on Free Money from the Fed.
Wall Street has been selling low performing assets for a while. I heard stocks are priced to the presumed Interest Rate Markets. So to the banks: stupid is as stupid does.
- mullingitover 4y ago> So they should have started slowly selling their low rate assets years ago. How could they have known years ago? Up until last year there was no indication rates were going to shoot up like they did.