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Janet Yellen warned , not all uninsured deposits would be rescued by the FDIC if future banks fail

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First published at 02:50 UTC on March 20th, 2023.

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But as Treasury Secretary Janet Yellen warned on Thursday, not all uninsured deposits would be rescued by the FDIC if future banks fail.

In other words, only the big banks would be saved.

Keep in mind, the Federal Reserve Bank launched the first p…

But as Treasury Secretary Janet Yellen warned on Thursday, not all uninsured deposits would be rescued by the FDIC if future banks fail.

In other words, only the big banks would be saved.

Keep in mind, the Federal Reserve Bank launched the first phase of its Central Bank Digital Currency last November.

This is Joe Biden’s “Build Back Better” in action.

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Janet Yellen warned , not all uninsured deposits would be rescued by the FDIC if future banks fail

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