Results show major U.S. banks could withstand a severe recession, surging joblessness, and a sharp selloff in equities, while keeping strong capital cushions. By Tom Ozimek from The Epoch Times.
Does this report mean that the banks "too big to fail" are now "too rich to fail?" Do we trust the Fed to manage the big banks? Look what it's done to the USA's balance sheet. And to the economy? Isn't the Fed just a branch of the BIS? This is like the FDA/CDC making rulings for Big Pharm.
(In the interest of full disclosure, this writer is a card carrying member of the Abolish the Fed Movement.)
Does this report mean that the banks "too big to fail" are now "too rich to fail?" Do we trust the Fed to manage the big banks? Look what it's done to the USA's balance sheet. And to the economy? Isn't the Fed just a branch of the BIS? This is like the FDA/CDC making rulings for Big Pharm.
(In the interest of full disclosure, this writer is a card carrying member of the Abolish the Fed Movement.)