Banking Turmoil: First Republic's $30B Rescue, SVB Bankruptcy, White House Reaction 3/17/23
Squawk on the Street
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The Good Thing Is It Doesn't Matter
A quarter point at this point, unless except for the signaling effect, it doesn't matter that much economically, right? It's still the right thing to do. But I also don't think if they pause, it's a tragedy. The only reason is because they've backed themselves into a corner by saying we don't wanna pause and restart hikes. Like, why does that even matter? Do you wanna talk about 80s and 90s? They were stopped,. started all the time, not in a bad way, just in a flexible way. That was a tool. Well look, they had a balance sheet. It was $800 billion before the financial crisis. No, it was
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