Anonymous ID: 735e8f March 19, 2020, 4:59 a.m. No.8473790   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3803 >>3832 >>4045 >>4137

>>8473629

 

All the banks and the US Treasury know the banks will go insolvent if the crisis lasts more than a month.

 

That is why after meeting with the President in the Cabinet Room, they all announced suspension of stock repurchase programs.

 

They're worried about liquidity.

 

There was likely a deal struck in that meeting. Any deal should be rejected by Congress unless the US Treasury gets all the bank shares.

 

  1. "Goldman Sachs, JPMorgan, and 6 other banks suspend share buybacks to deal with 'unprecedented challenge' from the coronavirus outbreak"

 

https://markets.businessinsider.com/news/stocks/goldman-sachs-jpmorgan-6-other-big-banks-suspend-stock-buyback-2020-3-1028999110

 

  1. "Bank CEOs convene in Washington for meeting with President Trump on coronavirus response"

 

https://www.cnbc.com/2020/03/11/bank-ceos-convene-in-washington-with-president-trump-on-coronavirus.html

Anonymous ID: 735e8f March 19, 2020, 5:17 a.m. No.8473859   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4045 >>4137

>>8473629

 

Precedent for what to do with banks that need a bailout in the next few monthsโ€ฆ

 

"The Treasury Department lent money and bought stock ownership in GM and Chrysler. It provided incentives to spur new car purchases."

 

"[IN EFFECT, THE GOVERNMENT NATIONALIZED] GM and Chrysler just as it did Fannie Mae, Freddie Mac, and the American International Group."

 

emphasis added above.

 

"Auto Industry Bailout"

 

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670

 

https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization