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Mnuchin’s Bizarre Statement Rattles Markets
If he thought it would inspire confidence in the markets, his bizarre announcement did just the opposite. Over the weekend, U.S. Treasury Secretary Steven Mnuchin issued a statement saying that he “conducted a series of calls today with the CEOS of the nations six largest banks,” which included Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo, and the bank executives “confirmed that they have ample liquidity available” for consumer and business lending operations. To which, the collective response from the whole world seemed to be: “Wait, who said anything about not ... (full story)
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- jmn5611
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If you are good at something, never do it for free--Joker