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My First Entry

This is
me.
A huge RTC-like government garbage can that banks can throw all their toxic balance-sheet waste into. (This time, the transfer will be made before they go bankrupt, unlike the case with the first RTC -a.k.a. the Resolution Trust Corp., a government agency created in the late 1980s to liquidate the assets of failed Savings & Loans)A temporary ban on shortselling. (With the unfortunate implication that shorts are the cause of all this)A federal guarantee on money-market accounts. (Including non-recourse loans to banks to buy high-quality commercial paper and meet money-market obligations.)
1 comment:
Nice start Man!
Wish you a good day,,
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