What the banks are naively admitting...is that they are as close to failure....as they were in 2008. Nothing has changed.
The government is just standing there with no idea of how to recover from the illogical Fed rate. The journalists are doing their best not to investigate the banks. Bank CEOs just sit and grin during interviews and avoid clear answers. We are still at the front door of 2008....nothing changed...just waiting for the collapse to come sooner or later.
Wrong on so many levels, the reality of the situation is that the banks are saying that we are for profit companies and we won’t just sit here and make nothing.