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Mnuchin Calls bankers

Started by poseidonlost, Dec 23, 2018, 10:19:00 PM

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QuoteSecretary Mnuchin convened individual calls with the CEOs of the nation's six largest banks

The banks all confirmed ample liquidity is available for lending to consumer and business markets.

Washington — Secretary Mnuchin conducted a series of calls today with the CEOs of the nations six largest banks: Brian Moynihan, Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase, James Gorman, Morgan Stanley; Tim Sloan, Wells Fargo. The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly.

Tomorrow, the Secretary will convene a call with the President's Working Group on financial markets, which he chairs. This includes the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodities Futures Trading Commission. He has also invited the office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to participate as well. These key regulators will discuss coordination efforts to assure normal market operations.

"We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business," stated Secretary Mnuchin and added "With the government shutdown, Treasury will have critical employees to maintain its core operations at Fiscal Services, IRS, and other critical functions within the department."

source - http://twitter.com/stevenmnuchin1/status/1076958380361543681/photo/1

Nothing is wrong. Believe your government officials. Have a Merry Christmas.

Last Edit by Gladstone
"Castles made of sand, slips into the sea, eventually." - Jimi Hendrix


This screams "Do not collapse the economy just yet , there is still more looting to be done".

Last Edit by Larry

David Icke Bot


US markets: Mnuchin to convene crisis team amid White House chaos

'The US Treasury secretary has sought to calm market jitters about White House dysfunction and the government's partial shutdown, calling the heads of the nation's six largest banks and gathering the "plunge protection team" that formed after the crash of 1987.

Steven Mnuchin called the bank CEOs on Sunday in an apparent attempt to reassure financial markets. In the unusual move, Mnuchin disclosed that he had spoken to the heads of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

He said the CEOs all assured him they had ample money to finance their normal operations, even though there haven't been any serious liquidity concerns rattling the market. Spam_A Spam_B On Monday, Mnuchin will convene the president's working group on financial markets, a group that includes Jerome Powell, the chairman of the Federal Reserve, and the head of the Securities and Exchange Commission. The group, created following the stock market crash of October 1987, is known more commonly as the "plunge protection team" and met in 2009 in the latter stages of the financial crisis.

With investors worried about a litany of factors, including a partial federal government shutdown, the US-China trade dispute, interest rate rises and Donald Trump's dispute with the Fed's chairman, Jerome Powell, US stocks have plunged in December. The S&P 500 has suffered its largest monthly loss so far since the financial crisis a decade ago and is on pace for the largest loss in any December since the Great Depression.'

Read More : US markets: Mnuchin to convene crisis team amid White House chaos



Last Edit by Larry