Monday, December 24, 2018

U.S. Treasury Secretary Steven Mnuchin convenes group of official for 'Plunge Protection Team"

Mnuchin spoke with Reuters.
Today I convened individual calls with the CEOs of the nation’s six largest  
The Treasury said in a statement that Mnuchin talked with the chief executives of Bank of America (BAC.N), Citi (C.N), Goldman Sachs (GS.N), JP Morgan Chase (JPM.N), Morgan Stanley (MS.N) and Wells Fargo (WFC.N).
The CEOs confirmed that they have ample liquidity available for lending. t
Mnuchin also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly.
More details at the link.

1 comment:

edutcher said...

Trump needs to dump that nitwit, Powell.

He said his aim was to cool off the economy. Any cooler and they can call an undertaker.