SCHWAB A VICTIM OF THE FED’S BAIT AND SWITCH -“Schwab transferred almost $189 bi

SCHWAB A VICTIM OF THE FED’S BAIT AND SWITCH
-“Schwab transferred almost $189 billion of securities to a held-to-maturity basis last year( Treasury Bonds), and had $14 billion in unrealized losses on that portfolio of agency mortgage-backed securities at year-end. Unlike SVB, however, most of Schwab’s customer deposits are insured.”–

FED/Treasury created proble, is an easily fed-created fix. Redeem the bonds at original price and take the hit so customers and investors don’t have to. The govt HAS the money that was used to puchase the bonds.

Yes I’m oversimplifying but I’m trying to get the point across that the fed created a hazard.

#stockmarketcrash charles schwab