Jason Posted December 24, 2018 Share Posted December 24, 2018 Just now, PaladinSolo said: I'm sure the markets dropping like a stone today are completely set at ease by the ranting and raving today. No chaos, only great Energy! Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 24, 2018 Author Share Posted December 24, 2018 SEC/CFTC/Federal Reserve/FDIC to Secretary of the Treasury: what the hell are you talking about? Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted December 24, 2018 Share Posted December 24, 2018 So the funny thing about this is that publicly saying that banks are solvent is scary, but not because it sounds suspicious. It's scary to the banks and the markets because it implies (strongly) that the Secretary doesn't understand that the issues currently facing the markets have nothing to do with solvency (unlike 2008). So while you'd normally expect news of good solvency to help the markets, in this case they are hurting them because now the markets know that the people in charge of this stuff don't know what is going on. This reveals that they won't know what to do if there is a crisis. So basically the markets know that the regulators/people in charge aren't reliable in the event of a crisis...and this knowledge is so scary that it may spark a crisis! Quote Link to comment Share on other sites More sharing options...
Jason Posted December 24, 2018 Share Posted December 24, 2018 4 minutes ago, CitizenVectron said: So the funny thing about this is that publicly saying that banks are solvent is scary, but not because it sounds suspicious. It's scary to the banks and the markets because it implies (strongly) that the Secretary doesn't understand that the issues currently facing the markets have nothing to do with solvency (unlike 2008). So while you'd normally expect news of good solvency to help the markets, in this case they are hurting them because now the markets know that the people in charge of this stuff don't know what is going on. This reveals that they won't know what to do if there is a crisis. So basically the markets know that the regulators/people in charge aren't reliable in the event of a crisis...and this knowledge is so scary that it may spark a crisis! 1 hour ago, Jason said: No chaos, only great Energy! Quote Link to comment Share on other sites More sharing options...
Jason Posted January 31, 2019 Share Posted January 31, 2019 1 Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted January 31, 2019 Share Posted January 31, 2019 Nine nine nine 1 Quote Link to comment Share on other sites More sharing options...
CayceG Posted January 31, 2019 Share Posted January 31, 2019 Oh my god Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted January 31, 2019 Share Posted January 31, 2019 1 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 31, 2019 Share Posted January 31, 2019 5 minutes ago, CayceG said: Oh my god 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 31, 2019 Share Posted January 31, 2019 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted January 31, 2019 Share Posted January 31, 2019 It's the return of "The Cain Train". Quote Link to comment Share on other sites More sharing options...
osxmatt Posted January 31, 2019 Share Posted January 31, 2019 2 hours ago, mclumber1 said: Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted July 9, 2019 Share Posted July 9, 2019 He's totally going to fire him Quote Link to comment Share on other sites More sharing options...
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