Is he trying to destabilize the market? Cause he is doing a good job!
And why wouldn’t they? How f’ng DUMB is stevenmnuchin1 . No credit or mtg crisis for banks. Just Trump ‘s trade wars and the Trump govt shut down. SquawkCNBC CNNBusiness USTreasury whpresscorps WSJ FT SenateFinance seanhannity
Are you TRYING to create a panic You guys are really dropping the responsible journalism ball lately.
That’s not why he called them
And he has made sure they are scared of what coming
Pep talk
While government workers once again pay the heavy price for CorruptGOP stevenmnuchin1 🏌️♂️ in Cabo San Lucas (Mexico). See the problem anyone? EnoughIsEnough MerryChristmas2018
Trump interview from 2014 praises Putin, says he spoke to him personally. And says crash, riots will fix US economy.
Total BS. What they don’t transfer off shore (just like stevenmnuchin1 did with all that foreclosure money he took from America families), they stockpile. There is no trickle down economics. EnoughIsEnough VoteBlue2020
Hah! Worked for a subprime lender (outside counsel ONLY) up until 2006-if you think the CEO's would tell the truth about what's going on now, or did back then, you are naive and crazy. BTW, I sold all my mutual funds weeks and weeks ago. Only have stocks 'unfailable' over time
Fed needs to be assured there is liquidity in the banking system?
Market turmoil and furloughing 800k people. No matter how pro-Trump you are, isn't that a tad Grinchy to everybody?
Pointless!
Dear Steven Mnuchin: ETTD.
This is what's called 'signaling the market.' Get ready for the great Christmas sell off. buyGold
All the while supporting the ass in chief
Lol wut
He is a senior Carpetbagger! Steven can’t wait until you are out of office and you realize you can’t just plunder & there are consequences. Americans will continue to call you and Ms. Hollywood out no matter where you are or go! 😍😍😍😍😍
cash is no problem for helicopter FED. inherent bankruptcy of fractional reserve banks’ pyramid is another issue: bank deposits are payable whenever depositors decide to come, yet credits are issued in multiple of deposits and due in future. once people withdraw more deposits...
Concerning
'It's getting Scary'
This is going to really make creditors feel a lot better? Coming from the infamous 'King of Foreclosures' who underestimated his personal wealth by $100 Mil and abuses tax payer travel, etc. etc.
Oh that's reassuring
Talk is cheap... independent audits more reliable
realDonaldTrump said 'Im Tariff Man' on December 4 at 10:00 am
You mean to say, it Speaks?!!
Create a need for people to borrow money at a high interest rate from the filthy rich. That's what the GOP lives for
Because Banksters tell the truth.......
In other words a crisis is looming
Break up the big banks and bring back Glass Steagall.
My spin: Mnuchin announcement is alarming given Trump's rollback of President BarackObama's landmark financial legislation known as Dodd-Frank Stress Test. Under Obama banks were subject to the Fed's Comprehensive Capital Analysis and Review and DFAST- not a phone call.
Oh, well...that makes me feel so much better!
He did not
sar_oso I'm not worried about the big banks. I'm concerned about the US government, about a President who is clearly a treasonous autocrat and an asset of Putin's. I'm concerned about the safety & security of our nation and world at this moment, as we approach a climate apocalypse.
Unbelievable.
Great. Throw money at it and it’ll go away
What in the entire fuck?
Why would you parrot and therefore amplify a message he never should have put out in the first place?!?
Is there something we should know?
Munchkins been assured just like Trump's words assurance to his followers.just like simple acts of Christian charity from are GOP senators. All of these are just Dirty old men. Happy holidays
Mnuchin speaks fluent Pig.
Mnuchin’s dr phoned him later that afternoon to assure him that he remains in good health and is by no means riddled with cancerous tumors.
But did he ask if Mr. Potter called the banks’ loans? Word is he’s offering shareholders 50 cents on the dollar for their shares. itsawonderfullife?
Why would he do this? To please his crazy boss?
The fact he did this is deeply troubling.
WTF
Not a good sign or feeling. When would the GOP WAKE UP?
Sooooo, did he provide context? Seems like just broaching the topic raises suspicion, no?
While vacationing in Cabo, in the midst of a government shutdown with taxpayers footing the bill for his security detail. These are relevant facts. Report them.
The fact that munchin had to ask should worry us all.
Fuck man, getting 2008 vibes. I'm gonna hide money in the backyard.
Well, he sure as hell couldn't talk about presidential stability since there is none.
it’s a distraction and it’s working. we’re not talking about the wall for 10 minutes already.
Why would Mnuchin be worried about the banks liquidity? Oh yea. Trump repealed Dodd Frank which prevented banks from engaging in risky business and made sure they had ample liquidity put in place after the 2008 financial crisis. Which the banks caused. Here we go again!
He is SO FULL OF CRAP!!!
So pretentious is he insinuating power over the banks ? He's not calling the shots and prob just made things worse, no respect for this guy either TrumpCrimeSyndicate
Wait, what? Why and who instigated that question?
Well...gird your loins cuz it’s always opposite of what they say.
Shouldn't this be a beach scene with him, his lovely wife and his cell phone?
just another day in the djt presidency snafu
Bigly hugest economy. Best ever.
Wut
Are they anticipating an even sharper downturn?
Yeah they can weather Trump's 'fantastic' economic growth. So much winning!
While he vacations in Mexico.
WTF is wrong with you?!
Oh well goody
Can we afford international calls from Cabo? I hope he called collect.
Banks aren't the stock market. Chaos is the enemy of stability. Figure it out.
This will be the best near depression ever the greatest near depression the country has ever seen Only I can fix it
WTF?
Literally this
The soup of the day is tomato basil. I checked with the kitchen staff and they assure me no one has spit in it. Enjoy!
From Cabo🖕🏾
Phew, so everything is cool then. Steve inspires such confidence. Must go now, my unicorn is double parked.
I bet they do and then some. Pay backs will be in the 40% range u can believe that. That's how the banks make there money back. Fool
Finacial shit hitting the proverbial fan?😨💩
If you had to ask.....
While at the tax payers expense he was holidaying on the beach with a full security detail who probably weren’t getting paid.
No, no, no, it's a great look for you, Mr. Mnuchin, to be in MEXICO...on a luxurious vacation....spending lots of money....while federal civil servants, like TSA employees are forced to work without being paid timely....Yes, it's a great optic, no doubt about it, don't you worry.
no need for a call unless there was a problem brewing...
after the massive tax breaks they should have cash up the wazoo
Yeaaaaaaah
Decreevy This panicked assurance-building is certain to further spook the markets. The adults are not in charge in DC. sad
Did he contact trump's bank: Deutsche Bank? TrumpIsACriminal
It’s a bit like having the doctor call you out of the blue and ask if you feel OK, and to let you know everything is fine.
First, as treasury secretary, he should be aware of liquidity. Second, this kind of stunt provokes the very problem it purports to address. Third, watch the munchkin’s wallet. Is he investing in the volatility he’s creating? Sounds like the asshole move he would make.
Why did they have to assure him?🤨
The Trump regime can assure the big banks not to worry about an economic downturn, but they leave families out in the cold because Trump wants his pet project wall. Your tax dollars at work folks. Gives you a warm fuzzy feeling inside this holiday season doesn't it? TrumpResign
Wow - that's reassuring!🤨
Poorly worded
Well that’s reassuring, isn’t it?
why we have to do that?
When Mnuchin is presented as the voice of reason, we’re in trouble. Trump needs to be removed right now. TrumpResign
Phone calls like this are a very bad sign.
Is this even legal. Time and time again they try to influence the market. Is this legal?
Jesus. The markets are not going to like this.
This is terrifying in every possible way. TrumpResign ResignTrump TrumpShutdown
He just scared the shit out of them. We are gonna see another crash.
Feels like 2008 part 2: stupid bugaloo
I understand they will be distributing LSD on the trading floor at market open tommorow morning. Bring folding chair, goggle's, raincoat, and Reese's Peanut Butter Cups. Meet you there, Reese's for me. I'll be the one without the hula hoop.
So has trump bankrupted America...
From a golf course in Cabo
What's scary is this is even s story
More Trump stupidity masquerading as logic. Got the sell price on for Monday.
That’s not concerning at all...
Was that before or after he played 18 holes on our dime while the govt is shut down? Or was the “meeting” a cover to get his golf vacation paid for by us?
While on the beach in.........
Until they bankrupt all of their customers with fees and ultra risky investment vehicles.
Oh wow. Are we on shaky ground or what? Get ready folks 2019 is going to be wild. Hoping for the best. But I’m feeling things may get worse before they get better
Sounds like It's a Wonderful Life, Potter asking George if he has enough money to handle the crisis when REALLY he's looking (maybe for cronies) for opportunities to sweep in. NO CONFIDENCE IN MNUCHIN AND 45.
THIS IS NOT NORMAL.
When asked why he felt the need to check on the banks’ liquidity Mnuchin responded, “Oh, no reason. Now, if you’ll excuse me, I have to hurry and finish converting all of my assets to precious metals before morning.”
what could go wrong?
I want to see my money. Chase, what are you doing with my money? Now I know why people stuff their mattresses.
The GOP Effect.
Steven Mnuchin is the most loyal puppet of the Rothschild. Unscrupulous, hypocritical character of the wicked rogues of the Devil!
Is that really where we are right now?
Isn’t there an actual agency with real workers who check on this shit ?
At what cost? Tax the billionaires. This are the same people that stole our money.
Was there a chance of this?
Prediction, another rocky DOW
TRUMP WINS 'Tariff Oscar.' The 'Gold Milk?' award for the Best Performance By a Celebrity Manipulating Global Tariffs goes to President Trump. The award was named in honor of one of the hardest hit groups from the ill-considered *tariff wars*, the U.S. dairy farmers.
'Hey guys, you can handle the upcoming crisis, right?' 'What upcoming crisis? We haven't heard of one.' 'Good talk, good talk, I'm going to tell everyone that you can handle a crisis.' 'What goddamn crisis are you talking about?'
Was one of the Lehman?
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