Memories,,,and hard to fault the FED at this point for bringing new funding availability to the financial sector...
Call it intervention, holding their hand, or whatever you want to call it...
The losses are in and that money is gone...
The new loans are coming in so that the companies can attempt to do business and make a profit to add liquidity back into the sytem rather than using it...
Doesn't look like there is any choice but the current course to make the attempt to re build the liquidity in the system over time...LJ
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