Mnuchin announced he spoke to the CEOs of the six largest banks and reassured us the banks had adequate liquidity. But since no one had been worrying about liquidity, markets either assumed that the Treasury had some disturbing inside information.
Mnuchin announced he spoke to the CEOs of the six largest banks and reassured us the banks had adequate liquidity. But since no one had been worrying about liquidity, markets either assumed that the Treasury had some disturbing inside information.
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