Article

2023-03-22 Economy

Yellen says bank situation 'stabilizing,' system is 'sound'

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Posted by Fred 2023-03-22 00:00|| || Front Page|| [7 views ] Top

#1 Love the juxtaposition of this story with the one above; Janet Yellen's the new Chip Diller!

Posted by Raj 2023-03-22 00:31|| 2023-03-22 00:31|| Front Page Top

#2 Again, like I'm gonna believe anything out of the gob of a government slob like Yellen, the same chump who was watching that transitory inflation "closely" about a year ago.

Posted by DooDahMan 2023-03-22 02:40|| 2023-03-22 02:40|| Front Page Top

#3 She could tell me the sky was blue and I would go out to check. Guess I'm investing in ammo and canned food again.

Posted by DarthVader 2023-03-22 07:16|| 2023-03-22 07:16|| Front Page Top

#4 If everyone is getting bailed out, does that mean I can recover my loss is my IRA? Do I need to provide them with an address for the check?

Posted by Super Hose 2023-03-22 08:58|| 2023-03-22 08:58|| Front Page Top

#5 I have been retired for 8 years now, but I think I'm still familiar enough with the banking system to say that I agree with her this time. Stopped clock and all that.

Her trouble is that she (and the rest of the administration) has no credibility at all. As #3 DarthVader observed, she could say that the sky is blue, and people would check. Credibility, once lost, is very difficult to recover.

Posted by Tom 2023-03-22 11:23|| 2023-03-22 11:23|| Front Page Top

#6 Her lack of veracity appears transitory.

Posted by Besoeker 2023-03-22 11:31|| 2023-03-22 11:31|| Front Page Top

#7 "And the U.S. banking system remains sound," Yellen says.

Ohhhhh shit.

Posted by swksvolFF 2023-03-22 13:23|| 2023-03-22 13:23|| Front Page Top

#8 ^ My first thought exactly

Posted by Frank G 2023-03-22 14:36|| 2023-03-22 14:36|| Front Page Top

#9 That would be a screaming ‘sell’ except all the insiders have already sold.

Posted by Glenmore 2023-03-22 15:46|| 2023-03-22 15:46|| Front Page Top

#10 SVB gave employees bonuses just before "insolvency" . Today it came out that insiders also quickly gave themselves "loans".

Posted by Mad Eye Omeretch7959 2023-03-22 17:16|| 2023-03-22 17:16|| Front Page Top

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