I'm now trading full time. I retired as a bank manager in IT, but I still talk to my banking buddies who are still employed. On a phone call recently to a banking friend, who is a mortgage manager at Chase, I asked the same question. He chucked and said âOh the treasury could do that easily [that is get bank stock prices up] All they would have to say to the public is they were doing a test run to move a few toxic assets from our bank to debt facility⦠Hee hee⦠You would see the biggest short covering for this bank [Chase) in its history. Heck if they moved 100K out it would do it. Thatâs what we all keep hearing is coming from the higher upsâ¦â When this happens C will be far above 2.
Im sure that is every banker's wet dream. Take all their bad loans and shove um on the taxpayer. Yea.. that would go over well