The U.S. Treasury isn’t bailing out banks here. It’s protecting the money supply and propping up the value of the U.S. dollar.
The value of the dollar isn’t propped up by declaring your gonna insure trillions in deposits with money we don’t have.
This again merely rewards reckless behavior. Ackman and the rest of the investment class have been rabid about more government protections. Investors are nothing more than socialist when they are on a losing side.
“It’s protecting the money supply and propping up the value of the U.S. dollar.”
No, it is not. If it wanted to do that, they wouldn’t let the banks operate as they have. This has been a multiyear setup.
They are Nationalizing the banking system.