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  • Bank Turmoil: What Does It Mean for Fed Policy?

    From schwab.com

    Markets have been rattled by recent turmoil in the banking sector. Bank stocks have fallen sharply and overall market volatility has spiked. However, the U.S. Treasury and the Federal Reserve have moved swiftly to address potential risks to the financial system. While it's too soon to tell how long volatility will last, we view the steps taken so far as positive. We also believe the turmoil will relieve some pressure on the Federal Reserve, possibly leading to a pause or slowing in its current rate-hike cycle. Below we'll discuss the potential impact on Fed policy, followed by an overview of the "backstops" the ... (full story)

What should happen:

......fix bank loan rates at 6% for non-businesses (private loans/credit cards of individuals).
......fix bank loan rates at 22% for corporations!

......Just for two years, so folks can watch the miracle happen for citizens, the economy, and.....yes, businesses.

Those with an imperative other than greed will have access. Those needing to give up their greed and learn frugality and better business sense other than personal riches, will have that opportunity.
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