So, no sooner than US Treasury Secretary Janet Yellen implies no bailout for failed woke bank SVB “We’re not going to do that again,” what to we get, but an effective bailout for its uber wealthy depositors. The yet unanswered question however, remains whether this is an abandonment of the $250k FDIC insurance cap on deposits, […]
Continue reading
Will the US government again be bounced into bailouts following last week’s shock failure of Silicon Valley Bank (SVB) and subsequent seizure by the FDIC? The seemingly emphatic answer from ex US Fed chair and now US Treasury Secretary Janet Yellen is not. “We’re not going to do that again,” she is reported to have […]
Continue reading