Yeah, this is undoubtedly intended to give comfort to somebody…
Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday.
Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.
How many times do you have to “simulate” giving really rich people the great wealth-deprived masses’ money?
Isn’t that any day ending in “Y”?