No. of Recommendations: 2
cnbc.com - Svb signature bank failures yellen says US banking system is stable and deposits remain safe"Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures"
"Treasury Secretary Janet Yellen told senators that government refunds of uninsured deposits will not be extended to every bank that fails, only those that pose systemic risk to the financial system."
As discussed yesterday: If you are granny, the local bakery owner, car lot owner, or just plain working Joe who saved money until retirement..... keep playing by the rules.
"Too Big to Fail" seems like a Best Practice. At that level, you have oversight of the government, not the other way around.
