Basically that is what Bessent said last week in his WSJ op ed piece. I would love for the administration to tackle that but if done aggressively, the market "only" dropping 25% would be a great thing
Warry, John. **Warfare in the Classical World:** An Illustrated Encyclopedia of Weapons, Warriors, and Warfare in the Ancient Civilizations of Greece and Rome (Rev ed.). Norman, OK: University of Oklahoma Press, 1995
Banks in 08 held forclosed houses as "assets" forever and never marked to market....I'm super curious if that same method can be employed with repo-ed cars.
If so they will never liquidate the cars at a loss and "borrow" money at 0% from the fed while sucking up bailout money.