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US banking system ‘sound’ yet not all deposits guaranteed, Yellen admits, despite rush to cover ‘connected’ Signature and SVB uninsured Silicon Valley bank ‘high stakes’ investors such as CA governor Gavin Newsome
WASHINGTON, March 16 (Reuters) – The U.S. banking system remains ‘sound’ and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits.
Yellen Appeared to Contradict Herself
‘Americans can feel confident that their deposits are safe’, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits
More than $9.2 trillion of U.S. bank deposits were uninsured at the end of last year, accounting for more than 40% of all deposits, according to U.S. central bank data. Those uninsured deposits are not distributed evenly across the country, FDIC data shows.
SVB Collapse-How it happened…
No. 1 Anchor Calls Jan. 6 storming of the Capitol ‘second-largest hoax of my lifetime’ behind only the 2020 election’
Another Conservative Speaker Again Results in Riot on College Campus, Chancellor Blames Speaker
Mustard is Back
Mustard is one of our treasured wildflowers seen rather Commonly in northern CA. But it’s only around for a short time, usually february through march. With all the rain this year it’s been hard to Get out and enjoy it but now you Can as the rains subside. AFTER a three year break due to Covid, IT’s BACK! And with a real celebration like years ago…The mustard king or the place that we most like to go to see mustard remains Napa , California- You know, the beautiful wine country just an hour north of san francisco. Just drive along highway 29 towards Calistoga And you’ll see mustard splendor. Lots of art and activities this year, Too!
Never too late…
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The OTHER Market Got You Down?
Road To Wisdom
CAT TALES- Petting Zoo
Dinner time on the trail
Remembering BURT BACHARACH and-and-
Have a Good Day or Good in your day ALWAYS!