Ping!
Another fly in the ointment.
Triple-short-financials, FAZ, is about $19. Two weeks ago it was $100. I’m loading up with the full expectation that it will be there again by summer.
Thanks for the ping.
In a real market economy, wouldn’t new banks start up to fill the market need for banks with clean balance sheets? Wouldn’t these poisoned banks fail as a result of the toxic loans and other bad assets they are carrying?
Why aren’t we letting the market work by letting the over-leveraged banks fail and let new banks start up with clean capital assets and new portfolios of loans?
Who are we protecting here?