Remember Mad Magazine’s iconic line, “What, me worry?” That’s the thought you might want to adopt today, because who knows what we’re going to be talking about when the market closes tomorrow. And you might consider getting your money out and stuffing it in the mattress, or what about those quarters in the mayonnaise jar under the porch? It’s two days before Christmas, and plutocrat movie producer and Secretary of the Treasury Steve Mnuchin announced from his plush Cabo San Lucas holiday retreat that he’s been on the phone with the nation’s top bankers to talk about ample liquidity during this this market meltdown. What market meltdown? Precisely.
The Secretary of Treasury calling the nation’s top bankers on a Sunday to confirm they have cash to lend. Not exactly confidence inspiring. https://t.co/Ttp8IarFvQ
— ian bremmer (@ianbremmer) December 23, 2018
So this is how they plan to make money off of this shutdown. Loan money to people instead of paying them. The grifters never stop.
— PtDestroyer (@PatDtstuff) December 23, 2018
We need a word in the English language for when a reassurance ends up being the thing that actually makes you worried.
— Gotham Gator (@GothamGator1) December 23, 2018
— Mark Timperman (@MarkTimperman) December 23, 2018
This is not normal for the Secretary of the Treasury to tell people that the banks have enough money to open on Monday, just by the by.
Mnuchin’s emergency call to banks: Ermmm. Are you still… banking? What? No reason. Just a regular call, all very normal and good here. Haha.
— Patriots, Resist! (@Patriots_Resist) December 24, 2018
Overnight repo rates are exploding. I haven’t seen anything like this since 2008.
The president of the United States is going to default on Treasury debt to get his wall.
— Christian H. Cooper (@christiancooper) December 24, 2018
It hasn’t exactly been a confidence inspiring week, what with Trump appointing a guy with no military experience to run the Pentagon, but this is very disturbing, indeed. I thought Trump firing Powell was going to be the next major stupidity. What the hell is this? The run up to Black Monday?
He's more likely hissing it through the window from the alley out back (quicker getaway).
— Karen Harris (@kkharris33) December 24, 2018