Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
Treasury Secretary Janet Yellen sought to reassure markets and lawmakers that the government will protect U.S. bank deposits amid a rash of bank failures.
Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms disclosed cash deposits at Silicon Valley Bank. … It begins to make more sense why these demons are being bailed out …Big Pharma & China colluded with Big Banks 🏦 and now the puppet masters are pulling the strings
They don't give a shit. They can't even be bothered to understand why things like the IRS and the Federal Reserve system are fraudulent.
If something is made unnecessarily complicated enough, some people won't even try to figure it out so they just believe whatever lies they're told about it.
She reminds me of a toadstool
Toadstool 🍄 is kind of cute 🥰…she reminds me of a steaming pile of 💩
Even shit is cuter than that.
Literally even Angela Merkel is beautiful compared to that one, and THAT is saying something.
Captain Kangaroo
I couldn't get who she reminded me of. Thanks....
Or Bridge Troll
She sounds like Ralph Wiggum at 3/4 speed to me.
Despicable gnome!
Okay, that's a great insult
That’s how the communism works: All people are equal, but some people are more equal that the others.
I have a question, and I'm not trying to be contrary.
So for the sake of argument, if there were no cabal, no deepstate, no one who is going to 'perfect their own', etc.
Why, if deposits are insured up to a set amount (whether 250k, millions/billions, or even only $100), should the fed protect uninsured deposits anyway? Isn't the whole point of the FDIC to insure "up to x" amount? Beyond that, it shouldn't matter who you are. Uninsured is uninsured, right? Wanting the fed to assist or cover loss when there's a lack of insurance (whether deposit insurance, health insurance, car insurance, etc) just screams liberal/progressive, welfare, and "muh gibs".
If I'm wrong or not understanding, I'm willing to be schooled.
You are right. The issue is the fed is bailing out losses that are way above and beyond the insured amount. Millions beyond. Because they're famous people, like Oprah and Harry and Meghan. 🙄
The federal reserve should insure their cash.
The federal government on the other hand, if it insists on using fiat, should not have that responsibility or obligation.
…if you know you know. Pedes pulling their money out of banks in 3…2…1
All banks are equal, but some banks are more equal than others
What a fucking Joke!
Your deposits will be covered if: 1) you are a Democrat, 2) you have over 1 million in the bank, 3). You are of the “chosen“, 4) you are ultra liberal and believe in reparations, donating to BLM, live for the LGBQT cause, believe taking down all statues of our history is the way to go, want abortion any time for any age.
This is exactly how this Liberal bail out gets paid for by America’s conservative middle class. It could be called a ‘tax’ but, they’ll call it anything but that.
“U.S. bank regulators announced a plan Sunday to fully insure all deposits at the two failed banks, including those above the $250,000 limit covered by traditional FDIC insurance. The additional protection will be paid for out of a special fund made up of fees levied on all FDIC-insured institutions.”
Well boys and girls it's time to change my voter registration card from a R to a D. Eat it bitches!
Hopefully people who aren't covered because their assets were seized as per Trump's EO