Posted on 03/17/2023 7:54:22 PM PDT by RetiredTexasVet
Janet Yellen, Secretary of the Treasury, clarified how the bank bailouts would be handled. Although Yellen is no longer with the Federal Reserve, she has stepped up to dictate how the bailouts will be structured and processed.
Yellen has decided that all depositors at the failed banks will be made whole for amounts above the FDIC $250,000 insurance limit if they have donated to the DNC or Biden's 2020 election. Depositors who have not donated to the DNC or Biden are advised that life is not fair and that they will get their guaranteed $250,000 back eventually after they sue.
The FDIC will be thanking all their member banks and their depositors for funding this largess although their donations will be mandatory.
Thank goodness we have mostly solvent banks in this country.
If a bank gives a lot of money to woke and RAT causes, you get a bailout.
If a bank does not, no bailout.
Just that simple and corrupt.
Lawsuits will occur, with the Treasury Department and it’s FDIC component saved by inventing trillions out of thin air to save all of the other accounts. If you think economic times are bad now....just wait for this day to come and inflation to be 15-to-20 percent for a whole year.
I’ll predict in three years, everyone will paying $150 a year for each $100,000 in a bank account, as your contribution to FDIC.
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