US Banks Are in Very Good Shape, Michaud Says

[@GrantDWilliams82]

The Treasury wouldn’t have to be buying back US sovereign debt prematurely if the banks were healthy. The government doesn’t do something it hasn’t done in twenty years - and before that hadn’t done since literally the 1920’s - if the banks were healthy. If the banks were healthy they could just wait until the bonds matured. They wouldn’t need to receive all of the principal right now.

[@nellyjohnson7316]

Yeah, right.

[@suggadeg]

When you have to go on tv and tell everyone how “well capitalized” banks are, it’s probably not a great sign.

[@paulalietke888]

👍👍👍👍

[@jhoney9121]

😂