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Out of context: Reply #465

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    The word from the man himself:

    "POWELL: NO ONE SHOULD ASSUME THE FED CAN FULLY PROTECT THE MARKETS OR THE ECONOMY IN THE EVENT OF A DEFAULT"

    fuck around and find out then

    • This isn’t news.monospaced
    • Yes it was
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    • No it isn’t. Everyone always knew this. It’s not news.monospaced
    • still the markets behave like the Fed can and will do it
      this is why we're in this messy situation these days, everybody assuming bailouts
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    • Why are you always talking about the US government? Just curious.monospaced
    • I also don’t see any messy situation where anyone is expecting a big US government bailout. What companies are acting like this?monospaced

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