Crazy days, one hand you have banking regulators saying they want ease banking restrictions passed in 2010, (pushing all that risk to big government) then you have the Federal Reserve saying hours later that some banks could approach minimum capital levels because of the COVID19 pandemic...
Here’s a Couple scenarios that could push banks to minimum capital levels..
One thing that would help banks prevent liquidity problems is if Mitch McConnell actually started negotiating With Democrats on extending unemployment benefits set to expire on at the end of July.. why is it that Americans have to feel economic pain and show blood before Republicans act?
Lastly, the economic recovery is being hampered by surging COVID cases. With Italy, Germany and Spain as examples of countries that beat COVID, why are we still suffering with rising infections?