Article Image

IPFS News Link • Biden-Harris Deep Fake Administration

Janet Yellen Says "No Bailout of SVB" But What Does That Mean?


Janet Yellen was purposely elusive on Face the Nation today, evading nearly every question asked. 

Face the Nation: Your counterpart in the United Kingdom has said that the government there has ruled out a bailout of the UK arm of Silicon Valley Bank. Have you also ruled out that kind of government intervention?

Yellen: Well, let me be clear that during the financial crisis, um, there were investors and owners of  systemic large banks that were bailed out and we're certainly not looking and reforms have been put in place means that we're not going to do that again. But we are concerned about depositors and we are focused on trying to meet their needs."