Michael L

Absurd Accounting Rules and $5 Trillion Off Bank Balance Sheets

Not to worry. The Fed will find a way to insure this trifling 5 trillion and thereby "save the economy". God forbid we should ever have a cleansing of the financial system if it means recession.

In the meantime, I will dust off the wheelbarrow so that I might carry some dollars to the grocer and get a nice loaf of bread to go with my glass of water.