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Which plan exactly? Yellen specifically said they have no interest in bailing out the bank itself and only care about depositors. > “Let me be clear that durin
by dmix 4y ago
Which plan exactly? Yellen specifically said they have no interest in bailing out the bank itself and only care about depositors.
> “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 on Face the Nation.
> “But we are concerned about depositors, and we’re focused on trying to meet their needs.”
- bentlegen 4y agoI think there’s confusion in this thread, as some are advocating that depositors be made fully whole, and some are interpreting Yellen’s comments to mean that’s what will happen.