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Time for CEOs especially at our biggest banks to accede to the demands of Schumer/Pelosi/Warren. They want no bailouts for corporations and our banks to be smaller.
So I would suggest that if they want to be good stewards of their business it would be good to stop new lending immediately. There is no way under current conditions that anyone knows which loan can/will be repaid. At the same time announce that they will not renew any lease that comes up for renewal. No need for as many branches and employees if the goal is to shrink. This would be good business for another reason. Banks now sell for less than book value. Meaning if they just run down their assets and number of employees the owners will actually make more money.
Problem solved. Warren gets the bank break-up she has been clamoring for the last decade. Schumer/Pelosi get the depression they are looking for to propel them into full control of the American government.
So I would suggest that if they want to be good stewards of their business it would be good to stop new lending immediately. There is no way under current conditions that anyone knows which loan can/will be repaid. At the same time announce that they will not renew any lease that comes up for renewal. No need for as many branches and employees if the goal is to shrink. This would be good business for another reason. Banks now sell for less than book value. Meaning if they just run down their assets and number of employees the owners will actually make more money.
Problem solved. Warren gets the bank break-up she has been clamoring for the last decade. Schumer/Pelosi get the depression they are looking for to propel them into full control of the American government.