It’s essentially QE4. Fed’s balance sheet is increasing (even if for a short duration). Make no mistake - this results in lower return on cash for savers. At a time when big banks call 0.05% “high yield”, this is the last thing we need. If banks are short on reserves they should be increasing interest rates to attract new deposits and maybe selling some of those foreclosed homes they’ve been holding onto for an eternity.
The banks have completely failed as a business and the fed is enabling their incompetence. How many stories do we need of money laundering, market manipulation, fraud, until we say enough?
The best part of all this? We don't even get to know the real reason there's a liquidity crisis. Obviously the "it's investors buying treasuries and corporations paying taxes!" explanation was BS.
The banks have completely failed as a business and the fed is enabling their incompetence. How many stories do we need of money laundering, market manipulation, fraud, until we say enough?
The best part of all this? We don't even get to know the real reason there's a liquidity crisis. Obviously the "it's investors buying treasuries and corporations paying taxes!" explanation was BS.