Congress is trying to save their behinds.
Look.
This is the situation.
If the banks decided that they weren’t making enough to hand out their billions of dollars in bonuses, all they would have to do is close the doors.
Then there would be blood in the streets, including some, if not most, Congressmen.
So the banks have the POWER to TELL WASHINGTON WHAT TO DO.
And they did. It will never be repayed and the dollar is headed towards toilet paper status.
The banks and money market funds and schwabbs of the world don’t care, as long as the cush continues.
Since at least 1913...