Ep. 99 Real Conversations: Chris Whalen, Chairman, Whalen Global Advisors
Hedgeye Podcasts
Introduction
Hedge Eyes founder Keith McCullough: The Fed has become more interventionist. He says U.S. banks are still sitting on a huge amount of securities that have very low coupons. As a result, these unrealized losses make these securities impossible to sell. This is the structural problem that Powell has created and I think it goes back to Chairman Bernanke.
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