Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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The problem with stocks also is that if the executives do something that will knowingly bring the stock price down, they are liable to be sued.
So if Blackrock/Vanguard buy up largest share in a company, they can use the threat of selling the shares in order to blackmail executives into doing what they want. This regulation has become a means to control.
This is how all your companies can go woke as well along with being offered ESG loan benefits for being the wokest and most backward.