I think this is a bad message to send banks. They can spend wildly and lend wildly and the government will bail them out and the CEO’s will get huge paydays regardless of performance. They need to let them fall. Isn’t this what Jerome Powell wanted with all the interest rate hikes?
I think this is a bad message to send banks. They can spend wildly and lend wildly and the government will bail them out and the CEO’s will get huge paydays regardless of performance. They need to let them fall. Isn’t this what Jerome Powell wanted with all the interest rate hikes?