that she said they "Could"
offer
the same kinds of protections to smaller and regional banks
tells you they know they are gonna have to.
Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed
"Yellen did not provide details on what further interventions may be warranted, but shifted emphasis toward smaller regional and community banks, which have sought protections to stop deposits from fleeing to larger institutions seen as "too big to fail."
(Trust me, she/ the treasury dept., The Fed? The FDIC?
They all know whats going to happen already.
Dont kid yourself.
Dont put a wood product
(paper)
between you and God.
Just dont.)
"In a U.S. Senate hearing last week, Yellen said universal deposit guarantees would only be granted to those at failing banks determined to pose a systemic risk."
(Silicon valley?
We got your back.
Podunk?
You screw yourself.)
"...but the conservative Republican House Freedom Caucus opposes expanding deposit guarantees beyond the FDIC's current $250,000 limit -- a major roadblock to swift action to stem a deeper crisis."
(Dont even get me started on:
the conservative Republican House Freedom Caucus.
Here is what that kinda thinking amounts to:
"To hell with the country my ideology has to be proven right first and foremost.")
"At a separate event, U.S. Deputy Treasury Secretary Wally Adeyemo also emphasized the importance of community and minority-owned banks as the department considers how to further strengthen financial stability."
(I thought we were all good here?
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