Yellen says "no bailout for SVB", FED & FDIC consider creating new fund "to backstop deposits" (isn't that.. a bailout?) - Upgoat

Yellen says "no bailout for SVB", FED & FDIC consider creating new fund "to backstop deposits" (isn't that.. a bailout?)
submitted by FuckShitJesus to FinancialNews 2.1 yearsMar 12, 2023 11:02:25 ago (+18/-0) (www.bloomberg.com)
https://www.bloomberg.com/news/articles/2023-03-12/us-discusses-fund-to-backstop-deposits-if-more-banks-fail?sref=6uww027M

Huh.. wouldn't a new fund BE a bailout?

Funny how they can say one thing but immediately do another, every single time.

Maybe these idiots should return the reserve ratio to 10%, instead of the 0% they set it to at the beginning of the coronahoax.

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GoatWarVet 1 points 2.1 years ago

Courtesy of King Nigger of course.

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