Banks Make A Lot of Money When the Fed + Treasury Outlaw Losses
From The Reformed Broker by Josh Brown
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Show Notes
"It’s a bonanza. Retail bankruptcies didn’t show up. Corporate bankruptcies didn’t show up. Lots of stuff got worked out and renegotiated with the ubiquitous grease of easy money on slathered atop everyone’s palms, although most of the palliative financial treatments of this era occurred via DocuSign rather than physical handshake." - Josh Brown
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