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Elizabeth Warren's head explodes in one, two, three....
If democrats win WH in 2024, regain control of House and manage to eek out gains in senate you know some sort of banking/finance reform is coming. Part of that will be squarely aimed at banks Elizabeth Warren, Bernie Sanders and others deem are just to effing big.
Why are larger banks willing to step in and buy insolvent ones? Good business decision?
Same reasons companies swoop in and buy up insolvent ones; to get at assets usually on the cheap.
Failed banks and or companies normally aren't completely rotten, that is there are valuable assets and other bits worth having. Yes, anyone buying a failed bank or whatever has to take the rough with smooth, but that can be managed. In this instance where feds are taking on much of the downside JP Morgan walks away with a pretty sweet deal in that they are getting a whole lot more positive bits than risky.
Something that cannot go on forever sooner or later will stop....
Too many smart people who should have known better got caught with their pants down when Fed moved fast and furious away from zero interest rate policy.
Unfortunately as wont to happen that light at end of tunnel happens to be a train.
Well it’s not factual but an opinion piece that also headlines “potentially” it’s simply nonsense.
Let’s see how many more regional banks fail this week. Over/under on 1.5?
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