the idea of raising the $250,000 insurance limit per depositor without congressional approval following the SVB and Signature closures.
"I have not considered or discussed anything having to do with blanket insurance or guarantees of deposits," she said. "The failure of a small bank, of a community bank, could likewise trigger a run on other banks," she said., which has lost much of its value since the U.S. banking crisis started on March 8, dropped 15.5% to end Wednesday at $13.33 following Yellen's remarks. The troubled San Francisco-based lender's efforts to secure a capital infusion has fueled speculation it may need a government backstop.
"To the best of my knowledge, we've never seen deposits flee at the pace that they did from Silicon Valley Bank," Yellen said.
This is a little confusing to me. Why do banks advertise FDIC insured if all accounts are not insured? Because I have a bank account does not mean I want my money invested at risk.
Like a Linus blanket?
But the banks are backstopped, yea?
Shocking..
she is spending money like a degenerate gambler..forcing the FED to raise% and setting UP POWELL to be the bad guy...YELLEN vrs Powell...
SecYellen we are not considering 'blanket insurance' for the federalreserve.
Of course they aren't. It would be harder for small and medium banks to fail then. And if those don't fail, then people might find it easier to resist the digitaldollar that they will be unveiling soon.
This women is incompetent!!!
銀行 信用創造 乗数効果的に 一瞬にしてではないものの 準備率相当分を除いて 預貯金は市中に 銀行内にはお金がない
Doesn’t really matter since you are blanketing the entire United States with taxpayer money. Alpha Nurd
At its core, isn’t this just another example of “Risk Transference” and another step in nationalizing the banking system? Where does this end? Find better banking leadership guided by smart Congress-approved guardrails.
People will move excess money around to random banks. It will even out.
もし 全額元金保証しようとしたら 流通量と同じ量のバーチャル不換紙幣増刷供給が必要に インフレ更に
They don' t have the means to do that. This needs better regs.
She made some DUMASS COMMENTS more like it ! LastCallCNBC MadMoneyOnCNBC HalftimeReport CNBCFastMoney SullyCNBC
Ohhh she’ll make money printer go buuuurrrrrrrrrr!
She's always lied to us.
oldandclueless RobinhoodApp federalreserve WhiteHouse POTUS SoFi CNBC davidfaber carlquintanilla
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