Those transactions were tax opportunities, for better or worse. They are also the work load of the banks. So taxes are shifting up the pipeline, headed for a show own in the swamp, right smack dab in the middle of Biden's 3.4 trillion. I see sudden stops. It is loss of market share to non bank transactions, shadow banking in the general sense. The rate at which we clear taxes slows way down, government cannot budget or set taxes.
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