They lie they usually lie. And in entrance of the Senate Banking Committee, they lie some extra and each different phrase out in their mouth. They’re reassuring you the way secure and sound the banking machine is. Oh, no, it’s not. Taxpayers are depositors which are going to need to pay for the reason that bail out that went to Silicon Valley Financial institution and in addition Signature Financial institution become from the DIP fund, apart from that the Fed borrowed extra immediately from the Treasury than there become even within the dip fund. However now we’re listening to that that’s handiest going to price 20 billion. I’m telling you, I want that Pinocchio become actual as a result of we’d see different noses rising out and going world wide with their lies. Do you consider them? As a result of I don’t. Let me display you extra of a how secure and sound this banking machine is.
CHAPTERS:
0:00 Creation
2:14 Banks Borrow From Fed
4:46 Yellen Calls FSOC Assembly
11:37 Fed Rigidity Check
16:58 Deposit Insurance coverage
20:30 Downside Financial institution Listing
25:17 Virtual Age – Banks
27:05 US Ready For Deposit Movements
28:34 Spot Gold Lesson
SLIDES FROM VIDEO:
SOURCES:
https://finance.yahoo.com/information/u-treasury-says-fsoc-agreed-203140244.html
Banking Disaster: FDIC Requested through Midsize Banks to Insure Deposits for Two Years – Bloomberg
https://www.fdic.gov/financial institution/ancient/financial institution/bfb2008.html
https://www.fdic.gov/financial institution/ancient/financial institution/bfb2009.html
https://www.fdic.gov/financial institution/ancient/financial institution/bfb2010.html
https://www.fdic.gov/financial institution/ancient/financial institution/bfb2011.html
