Mnuchin Called Bank CEOs To Check Liquidity, Calm Markets; Has Monday Call With Plunge Protection Team | Zero Hedge

December 24, 2018 by · Leave a Comment 

Update: With everyone suddenly freaking out over whether (and why) Mnuchin really made the kind of “liquidity test” call to bank CEOs that was reserved for the depth of the financial crisis, moments ago Mnuchin himself tweeted out details of his Sunday call (from Cabo), the gist of which is that Mnuchin was checking bank liquidity levels for “loans and other market operations” with the CEOs of the 6 largest banks, and even more importantly, on Monday Mnuchin will hold a call with the President’s Working Group on Financial Markets, better known as the Plunge Protection Team.

In other words, what was expected to be a sleepy Monday half-day session, is about to get a lot more violent.

The full text from Mnuchin’s statement:

Source: Mnuchin Called Bank CEOs To Check Liquidity, Calm Markets; Has Monday Call With Plunge Protection Team | Zero Hedge


"Many seek to become a Syndicated Columnist,
while the few strive to be a Vindicated Publisher"

BREAKING ALL THE RULES


eXTReMe Tracker