“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis)
Really…??
How THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield?
How THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK & CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM?
Uncle fossgregfoss (npub1zry…8vpd) and Uncle Lawrence Lepard (npub1d3f…r4xv), can you please rip these disingenuous fucks a new one?
#bankingbad
EdwardDiamondhands / Edward Lightninghands
npub1kh…r6twl
2023-03-13 23:45:11
Author Public Key
npub1khgg4g4qaswewjx8rt5eyfu3mzs9nsn7n3va45829q2txldnldvqdr6twlPublished at
2023-03-13 23:45:11Event JSON
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"content": "“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis)\n\nReally…??\n\nHow THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield?\n\nHow THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK \u0026 CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM?\n\nUncle #[0] and Uncle #[1], can you please rip these disingenuous fucks a new one? \n\n#bankingbad",
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