Bank Bailouts: Regular People Are On Their Own

1 year ago
998
Financial crisis Janet Yellen bailouts bank runs finance Silicon Valley bank treasury secretary

This is truly incredible.
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Here is an exchange with Senator James Lankford & Yellen.
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He asks, "Will every community bank ... get the same treatment as SVB?"
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Yellen: "Banks only get the treatment if ... the failure to protected uninsured depositors would create systemic risk."

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