Free Republic

What in the world was she thinking? When a bailout was hastily arranged for uninsured depositors at Silicon Valley Bank and Signature Bank, the implication was that the same thing would be done for uninsured depositors at any other banks that failed. But now U.S. Treasury Secretary Janet Yellen is telling us that is not actually what will happen. She just admitted that depositors at a failed bank will only be protected if officials determine that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences”. So that means that depositors at big banks...

As working people in Missouri gather for days of action demanding justice for Michael Brown, the labor movement and the AFL-CIO are joining them and supporting the groundwork being laid for racial and economic justice for the people of Ferguson and all over the country. See updates from Ferguson October (Oct. 10–13) by following the hashtag on Twitter: #FergusonOctoberIn the meantime, check out AFL-CIO President Richard Trumka's speech on confronting racism.