Dear Fed:
You are so unbelievable.
Nothing the "greedy" banks are doing is irrational. It makes perfect to gamble with house money.
The question is why the "house" puts up with it. And the answer is that the "house" (meaning the Fed) is playing with taxpayer money. Nobody who is deciding anything has any skin in the game.
Lordy. Lordy pie.
(Nod to Anonyman)
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