Posted on 03/12/2023 8:05:24 AM PDT by RoosterRedux
Treasury Secretary Janet Yellen appeared to rule out a federal bailout for Silicon Valley Bank while underscoring that government officials have been scrambling to assist depositors.
Silicon Valley Bank collapsed Friday following a run of the bank, prompting a takeover by federal regulators. Given the size of SVB, many have compared it to faltering banks during the financial crisis of 2008, but Yellen contended the circumstances are different.
(Excerpt) Read more at washingtonexaminer.com ...
They already took it down. It was not bailed out.
If the gov’t pays off all of the uninsured portion, it is a bailout of the depositors.
Monday should prove interesting.
These are dem voters...Will they play the same game with small or Trump depositors in the future?????
Next on the hot seat is First Republic Bank. If they survive then that is probably the end of the crisis. If not, then there is more fallout to come.
A coincidence:
“On March 12, 2009, hedge-fund investment manager Bernie Madoff pled guilty to various crimes related to his operation of a Ponzi scheme that was one of the largest in the world; he was sentenced to 150 years in prison.”
Definitely not decided yet. SVB’s failure has global implications. I’m positive that globalists are collaborating to save their own asses as I write this.
"Yellen rules out federal bailout for Silicon Valley Bank"
FR: Never Accept the Premise of Your Opponent’s Argument
Even if the states had given the feds the specific power to regulate and bail out banks, it remains that the decision to do so should not be in the hands of a non-popularly elected bureaucrat imo.
Non-popularly elected bureaucrats, in both state and federal governments, who make such decisions have been instrumental in fostering the emergence of career lawmakers, wrongly weakening the constitutionally enumerated voting power of ordinary qualified citizens as a consequence imo.
This the same woman who just flew to Ukraine and told them we’re giving them whatever money it takes?
It’s already interesting. Look at the pre market opening.
Yeah, and that Biden crime family money laundering operation needs to stop.
It would be a damn shame if Yellens plane went down on the way to Ukraine.
Won’t that deplete the money for the whole country. If rumors are correct just Harry and his wife have 10 million in bank.
what pre-market opening are you looking at?
“ Won’t that deplete the money for the whole country. If rumors are correct just Harry and his wife have 10 million in bank.”
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Well, hell’s bells, they’ll get $250,000 of that back thanks to federal deposit insurance. They need to establish a GO-FUND-ME to beg for money.
Yes.
Supposedly oprah has a few million there, too. Another reason to expect a bailout of the depositors.
“ This the same woman who just flew to Ukraine and told them we’re giving them whatever money it takes?”
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Yes. And he and his cronies are wisely continuing to follow her advice to keep their BILLIONS in banks in South America, Switzerland and Liechtenstein.
Yellen feels closeness to Zelensky.
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