Submitted by BeyondShroud t3_12087x7 in wallstreetbets
saynotochichorapan t1_jdm96tr wrote
FED's mandate is to focus on unemployment, GDP, and inflation. There is no way they are extending help to bank's. All of this is a short-term shit. UBS acquired credit Suisse, Republic was financed $30bn by 11 banks and Citi has recently lended $5bn to Republic Bank so that they get time for restructuring. It will come back to normalcy soon.
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