My banking errors would look pale in comparison

With S&P At All Time Highs, Trump Demands Fed Slash Rates By 1% As FOMC Meeting Begins

And the excess reserves drain into the short end of treasuries and government gets a subsidy boost from the fed earnings sheet.  Shadow bankers loose, get drained of liquidity and compete for funds, move up the curve? Steeper curve? We shall see, this is our MMT guy folks, we shall see.