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iofj | 9 years ago

Bloomberg had 2 large bank executives complaining very publicly on the low interest rates and advocating having the FED raise rates over the weekend. Here's one, I can't find the other:

http://www.bloomberg.com/news/videos/2016-08-19/macquarie-s-...

Lots of pension funds have been destroyed (but the Fed doesn't care, and the ECB even less), and banks are not far behind. Soon the choice will be raise rates or face bank bankruptcies. My money's on that they'll raise rates and just let the many, many over-indebted companies refinance or go bankrupt.

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