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.
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. 🙄