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Past Fed Chair Janet Yellen thinks leverage is bad

serfserf Member Posts: 9,225 ✭✭✭✭
edited December 2018 in Politics
What a joke The federal reserve is as all former Fed Chair heads say the system is flawed after they leave their post! Anybody here ever heard of bail-ins for the Account holders? Wake up!You have been had!

serf

https://www.consumeraffairs.com/news/is-rising-debt-a-threat-to-the-us-economy-121318.html

Speaking at an event at City University of New York (CUNY), Yellen expressed concern with highly leveraged loans by banks, which are at the heart of the financial system. When banks make leveraged
loans, a drop in the value of the collateral can put the lender?s solvency at risk.

ttps://www.investopedia.com/articles/markets-economy/090716/why-bank-bailins-will-be-new-bailouts.asp

Bail-Ins Become Statutory

The provision for bank bail-ins in the Dodd-Frank Act was largely mirrored after the cross-border framework and requirements set forth in Basel III International Reforms 2 for the banking system of the European Union. It creates statutory bail-ins, giving the Federal Reserve, the FDIC and the Securities and Exchange Commission (SEC) the authority to place bank holding companies and large non-bank holding companies in receivership under federal control. Since the principal objective of the provision is to protect the American taxpayers, banks that are too big to fail will no longer be bailed out by taxpayer dollars. Instead, they will be bailed in.

Comments

  • spasmcreekspasmcreek Member Posts: 38,925
    edited November -1
    they are all CROOKS that cover for each other....very few people have forced debt.....and banks that run high risk should be forced to close NO BAILOUT FOR crook or stupid
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