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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMnuchin calls banks to make sure everything is OK. Now everyone is worried.
Munchin is on vacation but is worried about the rumors about trump firing the fed chair and calls all of the major banks to cause even more worries. Asking a bank about liquidity can cause runs on the bank
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Mnuchin calls banks to make sure everything is OK. Now everyone is worried. (Original Post)
Gothmog
Dec 2018
OP
Hekate
(90,771 posts)1. Christ on a trailer hitch I hope we live through this
Gothmog
(145,486 posts)2. Mnuchin claims he's making calls to bank heads as markets tank -- he's actually at a high-end beach
Dave Starsky
(5,914 posts)3. Certainly no cause for alarm.
AlexSFCA
(6,139 posts)4. didnt goldman sacs ceo just quit; market chaos
Achilleaze
(15,543 posts)5. "You can trust us. Heh, heh." - KGOP republicans
Buckeyeblue
(5,500 posts)6. It's almost like they want to cause a banking issue
durablend
(7,463 posts)13. Of course they do
"You vote for Democrats and look what happens!"
You can't tell me this wasn't planned.
Jim__
(14,082 posts)7. Donald Trump's ship of fools.
Unfortunately, we're all on board.
Dorian Gray
(13,498 posts)8. If people's
retirement accounts and pensions weren't affected by this, I would find the bumbling idiocy funny as fuck!
Roland99
(53,342 posts)9. Love this reply
Gothmog
(145,486 posts)10. From my twitter feed
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MineralMan
(146,324 posts)11. And, he called from his vacation spot in Baja California, Mexico.
He's got his. Fuck the rest of us!
durablend
(7,463 posts)14. Can we build that wall *now*
So he can't come back?
panader0
(25,816 posts)12. Dow down 436 right now.
Mnuchin is an idiot.
Gothmog
(145,486 posts)15. From the Hoarse Whisperer
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Gothmog
(145,486 posts)16. Will trump fire this idiot?
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Gothmog
(145,486 posts)17. From my Twitter feed
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gratuitous
(82,849 posts)18. Say, have you had your fire extinguishers tested lately?
How about an escape plan in case the building catches fire? Oh, no reason. No, I don't smell smoke. Not at all.
Gothmog
(145,486 posts)19. Bank runs due to concerns about liquidity issues can cause a bank to fail
This was a very stupid move