kookieman
2022-12-28

$Bank of America(BAC)$  BAC in yoyo mode again. Bank sector having a hard time and now the Fed raising rates another 50 basis points. Yellen said that should help inflation. What absurd thinking. The only thing that would help is real estate coming back to 80s values. Banks are offering no down pmts. But that is just extending the loans at the higher interest rate. Just setting up for more foreclosures.

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