Maria Bartiromo - Brian Moynihan - CEO Bank of America

Listen for the "double talk" .. BOA misses quarterly profit expectation and he says "the INDUSTRY has great liquidity [cash]" ... not BOA has liquidity ... "the INDUSTRY"

Basel IV and the Butterfly Effect - https://www.moodysanalytics.com/articles/2023/basel-iv-and-the-butterfly-effect-a-lesson-in-unintended-consequences