The Fed didn’t ask the banks to stress test a big drop in the bond market because that’s what coming, and the banks would fail that. - in Forbes
Related, Citigroup (C), Bank Of AMerica (BAC), JP Morgan (JPM), Wells fargo (WFC)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.