MORNINGS WITH MARIA 3/13/23 LARRY MCDONALD

1 year ago
23

MORNINGS WITH MARIA
3/13/23
LARRY MCDONALD THE BEAR TRAPS REFORT FOUNDER

Well, they're socializing the losses, so they suppress the cost of capital. They incentivize bad actors, and now they're socializing the losses because at the end of the day, the Fed is backstopping this and essentially qt, which they promised us would be 90 billion a month, essentially is over because this is the Federal Reserve using its balance sheet to socialize the losses and provide liquidity to potentially lots of banks. There are a number of banks this morning that are down 50, 60%, so this is gonna knock on effect.
They've basically used a bandaid, but it's, it's clearly a risk to the taxpayer because at the end of the day, the, the taxpayer backs up to the Federal Reserve.

MARIA:Larry, you see this as a bailout,

LARRY: 💯 percent.

Loading comments...