Posted on 03/12/2023 7:25:20 AM PDT by DoodleBob
The ONLY healthy thing to do is for the government to look the other way and let the chips fall where they may.
When rates were <2% these institutions sucked up the free money...and locked it in.
Even RETARDS could see inflation on the rise and impending major rate increases.
Now the bulk of their “assets” are worth pennies on the dollar and they’re all in the red.
All of them.
BofA, Citi, Wells Fargo...everyone. It’s the secret nobody wants out. A thorough audit that prices their “assets” at market rate would send every one of our banking institutions to the graveyard.
The IRONY is that is was the “free money” that saved them last time. Now it has proven to be POISON.
Potato or corn chips?🤪
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