We're going to drive all banks and central banks into insolvency and take them over. The stimulus packages from the Fed and BoE will keep increasing until they have no assets remaining.
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.
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"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
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"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
it's almost certainly a $150 Hermes tie.
here are a few similar ones. they also have monkeys and penguins.
their main logo is a horse. other rich people would recognize the tie as likely Hermes.
Precedent for what to do with banks that need a bailout in the next few monthsโฆ
"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
If they need a quarter or half trillion dollar bailout, they should lose significant equity as any bailout poses risks to the US Treasury and taxpayers.
And they seem to have lent moral support to the coup.
this is so dumb. rich people shop in rich people stores.
hermes slaps horses on everything. it's their main logo.
next alert us to any two famous people both wearing the same color nikes.
you take the shares and resell them to the public in a bailout.
we did it many times in 2008-2014.
Lehman. General Motors. AIG. Chrysler.
shove your commie accusations up your ass.
who's paying you?