zanardm

Why Did Warren and Hank Invest in Goldman?

Perhaps a foresighted play for anyone including GS, if indeed a worse case scenario of treasuries and dollar collapse ensues, courtesy of our generous Fed and politicians, might be as follows:
In regards to banking, start up a N. American Eurocard, with N. American checks, and even N. American ATM - all in U.S. dollars for now. But if the worse case scenario unfolds, then shifting to Eurodollar accounting, for practical marketing reasons, would seem an advantage. Of course N. American would be in small print. We might end up with dual currencies, if supple and demand undermine the T-market.