To widespread surprise, Mnuchin issued a statement noting that he had spoken with the CEOs of the the nation’s six largest banks and they had “confirmed that they have ample liquidity.”
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The liquidity of the banking system had not been seriously questioned by mainstream observers.
One GOP operative who spoke to The Hill was scathing about what he characterized as a clumsy effort by the Treasury Secretary to shore up his position with Trump.
“You just took a bad situation and you threw gasoline on it,” this source said. “You’re the Secretary of the Treasury and you’re suggesting there’s a problem with liquidity? Why would do you that?”
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