Do they know a forgiven loan is a taxable event ? They need to pay taxes on the amount forgiven !     The Government can forgive a loan ,but they wont forgive the TAXES …..Biden hocus Pocus

I think the banks reserves requirement is being normalized. They won’t have quite so much money to invest.

Seems to me they get funds at just about zero cost anyways. I don’t know why this would be such a big deal.

Obviously the managers are as dumb as a stump, or its just a big long term news blackout since 1970. First, everybody knows after 1970 general wages did NOT keep up with inflation. Then the wives went into the force because two salaries were needed to keep up with inflation.

Then because of the stupid leaders accumulation of error or stupidity, by 2001 with both spouses wages STILL lagging inflation, combined income, they had no savings or reserves.

So the ass hole bankers and gov’t had to give out 105% no documentation liar loan mortgages to support the fake system. Unfortunately by 2008 even that didn’t prevent non payment of loans or a global financial crisis.

Bottom line: The leaders and bankers and big corporation stupid greedy cheap skate dreamers, neglected and abused Joe Sixpack, and they all simply got buttslamed by the workforce, and problems ever since.

You can’t under pay for ANYTHING, like oil or electric or taxes or interest or rent costs etc or you will have problems. So the fake system failed to pay what the cost of living costs were and now they are forced to print money out of this ail and hand it out like coupon circulars in the mail and they STILL have problems anyway.

Besides the under paid tax PAYER workforce? Many tax PAYER domestic businesses, because of unfair foreign competition, had to cut back on wages and benefits, many were forced shut down, or move operations overseas. I witnessed this myself.

A lot of the surviving businesses and naturally their employees, many are supported by governments contract, or gov’t rules and regulations so are tax absorbing. Even if they pay taxes, they are paying with tax money, paying taxes to themselves.

Net net the Gov’t needs profitable tax payer business and profitable tax payer employees, if the want to keep the tax absorber ball rolling. But so far they just keep “getting away with” using the credit card bond market as their cash cow, and drive up the tab.

Mario Cuomo is the latest one to “not get away with it anymore”, Bernie Madoff was the first after 2008.

What I heard was their reserve requirements were lowered to maintain liquidity for the pandemic, and it is expiring soon, and causing some banks to start selling treasuries and that’s whats driving the rates higher.

Maybe building up reserves is preparation for a different problem?

Israel Passes Law To Mandate ‘Freedom’ Tracking Bracelets

Citizens in trials reported “very positive and comfortable experiences” wearing electronic GPS tracking devices

Published

2 days agoon

18 March, 2021

Steve Watson

JACK GUEZ/AFP via Getty Images

https://twitter.com/wmiddelkoop/status/1373173385170157569/photo/1

Earlier this week someone asked me what the markets might look like ahead of this quadruple option expiration.

I replied ‘a zigzag.’ Or in other words, a wash and rinse operation designed to shake speculators out of their positions.

It appears that the Banks are losing their special exemption from the reserves requirement.

It’s all about the leverage. And perhaps the most inconvenienced bank is JP Morgan.

Next week we will have a metals option expiration on the Comex, on Thursday the 25th.

When you trade in the relatively lawless markets of deregulation and hellbound pigmen, you need to be on your guard.

They are not jealous of your freedom.

They just want your money.

Have a pleasant weekend.

https://jessescrossroadscafe.blogspot.com/

The Golden Glow of a Sunrise Eclipse.
https://railpictures.net/photo/750256/

Bueno! Now you can do some flat tracking!