4 ms·
https://www.reuters.com/business/finance/yellen-tells-senators-us-banking-system-remains-sound-2023-03-16/ https://www.reuters.com/business/finance/yellen-tells
by nemo44x 4y ago
https://www.reuters.com/business/finance/yellen-tells-senators-us-banking-system-remains-sound-2023-03-16/ https://www.reuters.com/business/finance/yellen-tells-senato...
- HWR_14 4y agoThis seems to only talk about FDIC limits, not about the Fed loaning money to solvent banks.
- nemo44x 4y agoHere: https://finance.yahoo.com/news/study-finds-186-banks-vulnerable-011442518.html?ref=biztoc.com https://finance.yahoo.com/news/study-finds-186-banks-vulnera... This talks about the FDIC being insolvent as well. I don’t think you understand how much money would have to be loaned. They’d have to print many trillions overnight. This is a hyperinflation event.