It Is Not A Bailout, We Killed The Owners MAD Macro will next publish Thursday, March 23. When is a bailout not a bailout? When you don’t bailout the stock and bond holders. It’s only been two days but the unintended consequences are already starting to emerge from the fog of war. Obviously, the uninsured depositors are being bailout, so it’s a bailout. In Elizabeth Warren’s mind as long as you kill the owners, the stock and bond holders, it’s not a bailout. It’s all in the eye of the beholder. As always, there will be some unintended consequences of big government intervention. As I said yesterday, I don’t think there were any good options and it needed to be done. Jon Hilsenrath, the old Fed whisperer, has a very good
MAD Macro - Keep Your Seat Belts Buckled
MAD Macro - Keep Your Seat Belts Buckled
MAD Macro - Keep Your Seat Belts Buckled
It Is Not A Bailout, We Killed The Owners MAD Macro will next publish Thursday, March 23. When is a bailout not a bailout? When you don’t bailout the stock and bond holders. It’s only been two days but the unintended consequences are already starting to emerge from the fog of war. Obviously, the uninsured depositors are being bailout, so it’s a bailout. In Elizabeth Warren’s mind as long as you kill the owners, the stock and bond holders, it’s not a bailout. It’s all in the eye of the beholder. As always, there will be some unintended consequences of big government intervention. As I said yesterday, I don’t think there were any good options and it needed to be done. Jon Hilsenrath, the old Fed whisperer, has a very good