US Treasury Secretary Issued Sunday Night Press Release Assuring No "Clearance Or Margin" Issues

US Treasury Secretary Steve Mnuchin issued a press release Sunday night assuring residents of the US that he called some banks who assured him there were no "liquidity problem" or "clearance and margin issues" (archived). Due to the US Government's ongoing partial shutdown the press release does not appear on the US Treasury department website (archived) apparently as part of their "lapse in appropriations contingency plan" (archived).

The announcement and its odd timing suggests that there actually are problems. Maybe that last 0.25% rate hike by the Fed after free dollars under Hussein Bahamas broke everything? Maybe someone out there put too much faith in the USG's timely payment of bills in spite of goverment shutdowns becoming a common negotiating tactic under the Hussein Bahamas adminstration? Whatever Mnuchin intended to convey with his message of assurance, the sentiment which lead to the press release is not reassuring.

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