The NYCB disaster was an opportunity, but Mnuchin the great stepped up to save the day! Drama! Theatrics!

Who’s backing the “investment groups” “led” by Mnuchin’s firm? When was that firm conceived? Nobody asks these basic questions? MSM just starts ejaculating … I mean celebrating???

When the SVB disaster happened, was it JPM who got to “save” them?

Now, JPM seems to be done suppressing gold.

And Mr Dimon sells JPM shares first time ever!

Why didn’t an investment group led by JPM or any of its cronies get to “save” NYCB?

I know I titled my post “rate cuts”.

Sometime back it was 6 rate cuts? Now may be a cut in 3rd quarter? Why? Why the rational behavior all of a sudden? Did Dimon sell because he has called Powell’s bluff on rate cuts?

https://twitter.com/MacroAlf/status/1757414499684905372

GL