Janet Yellen admitted to Congress that SHE and other government officials determine which banks are systemic, and which are not.
Below are the entities that paid her over $7MM in “speaking fees” before her time at Treasury.
Banana Republic stuff.
Originally tweeted from @EnergyCynic on Twitter
To be fair, isn’t that the actual law? Last sentence of below:
The Federal Deposit Insurance Corporation Improvement Act was passed in 1991, giving the FDIC the responsibility to rescue an insolvent bank by the least costly method. The Act had the implicit goal of eliminating the widespread belief among depositors that a loss of depositors and bondholders will be prevented for large banks. However, the Act included an exception in cases of systemic risk, subject to the approval of two-thirds of the FDIC Board of Directors, the Federal Reserve Board of Governors, and the Treasury Secretary.[26]
It's straight up criminal what these people can get away with!
Imagine a list like that priced in Satoshis - diff’rent story entirely.
Any monetary system that relies on human judgement and decisions, that are constantly changing with different people being involved, situations, and outside influences will always be doomed to fail.
If that don’t make you sick 🤢 with our current situation I don’t know what will!!!
Thanks for sharing this, Preston.
Credit Suisse pushing almost 300k...
Better safe that for their the poor clients....
Shut up! These are not speaker fees, these are modeling fees for high fashion.
Models and Bottles! 🍾
Macron agrees that she is a fine specimen. A supermodel. 🇫🇷
😂🤣😉
You no pay. You die
This is fucking criminal
🤞someday this will be “front page news” then she might have to explain herself…. Someday…
I wanna know who the fuck would ever want to hear her say anything so badly as to pay more than a normal American's yearly salary for it.
#[2] look at #25 of this list 😂
🍌
In the current system, people in power are incentivized by representing the big corporations and big banks with a huge VISION for the country but it's total mis-align with everyday Americans.
Drain the swamp by opting out to #Bitcoin
