Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes

Zubu Brothers ^ | 3-24-23 | Zubu Brothers

[dynachrome]

Here comes the panic.

Bloomberg just reported that Treasury Secretary Janet Yellen – who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one – will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.

The meeting will be closed to the public, the Treasury Department said in a statement. The Treasury didn’t say what time the meeting would begin, and it wasn’t immediately clear whether the council would issue a statement following the meeting.

The step comes as regulators continue efforts to instill calm in financial markets and among bank depositors following the recent failure of two mid-sized lenders in the US and the near-collapse of banking giant Credit Suisse Group AG before its government-brokered takeover by rival UBS Group AG.

[dynachrome]

Interesting. Nothing to see here. Move along.

[Red Badger]

But just three days ago she said everything was fine!............................

[Parmy]

That's right. She assured everyone that she had it under control.

This just goes to show just how inept, incompetent and crooked those in control are.

[Libloather]

The meeting will be closed to the public...

Yeah, why would the public ever want to know about their money?

[Red Badger]

I suspect the Jenga Financial Tower is about to fall......................

[Honest Nigerian]

A distraction?
Or do they need a distraction?

[McGruff]

[allendale]

Foreigners who sought the safety of American banks, laws and a constitution that protected property from government seizure are now withdrawing funds and placing them into other places including gold and silver. They have lost confidence in Biden’s America.

[Carriage Hill]

Here comes the CBDC Digital Currency... soon enough.

[ComputerGuy]

This is going to be a wild weekend, I think.

[lgjhn23]

“..Foreigners who sought the safety of American banks, laws and a constitution that protected property from government seizure are now withdrawing funds and placing them into other places including gold and silver. They have lost confidence in Biden’s America....”

Yep.
And it’s not just “foreigners”. It’s also the People (not counting the insane woke and the low IQs) have lost all confidence in Biden’s America. NOTHING is “built back better”...nothing. Actually, he’s been “the bull in the china shop”. Everything these SOBs have touched has been destroyed, including our banking system.
When pedoPIG gave whatever was left of our national treasury to the Ukraine, the slippery slope got even slipperier...we’re now sliding pretty fast into financial oblivion at this point. It is not sustainable.

[laplata]

The Keystone Cops comes to mind. We’re f’d.

[jpp113]

Did her printing presses break down? These nitwits want to PRINT money again to pay back money lost in bank failures. And what will that do to our national economy? I’m betting Freepers know, but its too bad our Treasury doesn’t.

[Organic Panic]

How much is this bailout going to cost me? I’m just about done with my taxes. Can’t wait to see how much is going to bail out the banks.

[EBH]

Bank Holiday?

Just finished my taxes. Haven’t donated to the banks yet.

[Chauncey Gardiner]

Following a disastrous (by design) rate hike by the Fed.

[Tilted Irish Kilt]

Prepper ping - The Global banking crisis and who is responsible for stoking and restarting the bank crisis ?
And, US financial regulators will convene Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council."

" Bloomberg just reported that Treasury Secretary Janet Yellen – who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday
which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance,
let alone working on one (Emphasis Mine)– will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council."

The meeting will be closed to the public, the Treasury Department said in a statement. The Treasury didn’t say what time the meeting would begin,
and it wasn’t immediately clear whether the council would issue a statement following the meeting."

The step comes as regulators continue efforts to instill calm in financial markets and among bank depositors following the recent failure of two mid-sized lenders in the US
and the near-collapse of banking giant Credit Suisse Group AG before its government-brokered takeover by rival UBS Group AG."

[subterfuge]

Nope. Captain Kangaroo lookalike Yellen is NOT trying to calm things down! She is doing the opposite, on purpose!

I’m sick of being ruled by these subversive twits!!

Closed to the public my ass!!

[Vermont Lt]

It’s not the Friday meetings that are scary. It’s the Saturday and Sunday meetings that ruin the party.

[Beowulf9]