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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMnuchin calls banks to make sure everything is OK. Now everyone is worried.
Munchin is on vacation but is worried about the rumors about trump firing the fed chair and calls all of the major banks to cause even more worries. Asking a bank about liquidity can cause runs on the bank
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Mnuchin calls banks to make sure everything is OK. Now everyone is worried. (Original Post)
Gothmog
Dec 2018
OP
Hekate
(100,133 posts)1. Christ on a trailer hitch I hope we live through this
Gothmog
(179,822 posts)2. Mnuchin claims he's making calls to bank heads as markets tank -- he's actually at a high-end beach
Dave Starsky
(5,914 posts)3. Certainly no cause for alarm.

AlexSFCA
(6,319 posts)4. didnt goldman sacs ceo just quit; market chaos
Achilleaze
(15,543 posts)5. "You can trust us. Heh, heh." - KGOP republicans
Buckeyeblue
(6,351 posts)6. It's almost like they want to cause a banking issue
durablend
(9,267 posts)13. Of course they do
"You vote for Democrats and look what happens!"
You can't tell me this wasn't planned.
Jim__
(15,222 posts)7. Donald Trump's ship of fools.
Unfortunately, we're all on board.
Dorian Gray
(13,850 posts)8. If people's
retirement accounts and pensions weren't affected by this, I would find the bumbling idiocy funny as fuck!
Roland99
(53,345 posts)9. Love this reply
Gothmog
(179,822 posts)10. From my twitter feed
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MineralMan
(151,259 posts)11. And, he called from his vacation spot in Baja California, Mexico.
He's got his. Fuck the rest of us!
durablend
(9,267 posts)14. Can we build that wall *now*
So he can't come back?
panader0
(25,816 posts)12. Dow down 436 right now.
Mnuchin is an idiot.
Gothmog
(179,822 posts)15. From the Hoarse Whisperer
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Gothmog
(179,822 posts)16. Will trump fire this idiot?
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Gothmog
(179,822 posts)17. From my Twitter feed
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gratuitous
(82,849 posts)18. Say, have you had your fire extinguishers tested lately?
How about an escape plan in case the building catches fire? Oh, no reason. No, I don't smell smoke. Not at all.
Gothmog
(179,822 posts)19. Bank runs due to concerns about liquidity issues can cause a bank to fail
This was a very stupid move