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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: Like using a hammer to install a pane of glass. posted by ghost of olddude55 on March 14, 2023 at 08:04:27:
Joe should have kicked Powell to the curb when he had the chance.
The sumbitch was asleep at the switch with rate increases before the horse got outta the barn. So now, to make up for his earlier ineptitude, he applies a pound of cure all at once.
There's plenty of other banks out there that resisted gambling on US securities and are fine today. Cullen/Frost Bank is a good example, but if you foster a casino like environment and take your hand off the wheel, you shouldn't cry foul when somebody places bad bets and crashes the car.
Back to Powell ... he needs to go at the very earliest opportunity. First for being asleep at the rate switch when it might have actually worked, and second for being so out of touch with the situation among banks and the havoc of his pound of cure would cause.
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Follow Ups
- RE: Like using a hammer to install a pane of glass. - Sondek 03/14/2308:29:07 03/14/23 (3)
- And Voelcker? - ghost of olddude55 08:39:33 03/14/23 (2)
- V o l c k e r . Mangling names is a form of disrespect! n/t - vacuous 09:36:32 03/14/23 (0)
- RE: And Voelcker? - Sondek 08:42:33 03/14/23 (0)
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