Look for the U.S. government to take a controlling interest in some of our major banks - and close down 600-700 underperforming banks throughout the U.S., possibly over 1,000 if things continue to escalate past that.
Also, look for another coordinated central bank rate cut.
It's all they have left. They're trying to spend their way out of this problem and it won't work.
Buying up banks didn’t work in the 30’s and it won’t work today.
Their only other choice is to inflate their way out of this.............