Did it forget how the US government hounded Standard & Poor’s?
$9 trillion in deposits go a long way.
The other option: too ugly to even imagine.
“Let markets clear.” It’ll be just “a financial engineering shock.”
What happens to prices when the biggest, reckless buyer walks away?
After promises of transparency, Americans aren’t allowed to know what’s being negotiated at their expense.
Until shares can be sold, “valuations” remain fake wealth.
You get to own and steer a car for a while longer, if you insist.
The upside is fake stability. The downside is too ugly to contemplate.
Bankruptcies don’t help. Even the big chains are closing stores.