If this hits NY or Chicago…. schools close overnight and everything shuts down. Fed will be powerless.. just like 08… didnt matter if they were cutting rates… nobodoy was going to buy an overpriced house.

If this hits NY or Chicago…. schools close overnight and everything shuts down. Fed will be powerless.. just like 08… didnt matter if they were cutting rates… nobodoy was going … Read more

The two largest institutions in the US have $53 trillion dollars of assets which are wielded with zero democratic oversight.

by RebornAsBear Here is the approximate dollar power each of these largest institutions has: State Street ($28 trillion Assets under Administration): https://en.wikipedia.org/wiki/State_Street_Corporation JP Morgan Chase ($25 trillion AUA): https://en.wikipedia.org/wiki/JPMorgan_Chase Northern Trust ($11 … Read more