I agree. The Fed is adding liquidity to the system and it has bailed out the banks by allowing them to mark up their underwater fixed income assets to par value under the BTFP. Let's see what JPM, WFC, BAC and C report for unrealized losses Friday morning.
I agree. The Fed is adding liquidity to the system and it has bailed out the banks by allowing them to mark up their underwater fixed income assets to par value under the BTFP. Let's see what JPM, WFC, BAC and C report for unrealized losses Friday morning.