MacroVoices #374 Chris Whalen: Are More Banks Going To Fail?
Macro Voices
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The Fed Can't Push Rates Any Higher
The real issue is cash flow. These banks can't just sit there with these assets that are paying 2%. The Fed, I think at some point, is going to have to extend itself and offer the finances assets at power at the coupon rate. But right now, you want to avoid a sale. You don't want to force these banks to sell these securities and loans because they're going to take a terrible hit.
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