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> “Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that hav
by harles 4y ago
> “Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said.
The headline is misleading and much of the discussion I’m seeing is based on that. Looking at the quote, there’s no mention of whether or not depositors will be bailed out.