"Biggest piece of M&A in past 12 months was the merger of Treasury & Fed.”
- Michael Hartnett's "Zeitgeist" quote
It's always refreshing when one of the smartest people on Wall Street, BofA Chief Investment Strategist Michael Hartnett, decides that one of our tongue-in-cheek articles from over 4 years ago, in which we described the Fed's loss of independence to the Treasury (i.e., the US government) in the days following the covid shocks...
