“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 #[0]​ and Uncle #[1]​, can you please rip these disingenuous fucks a new one?

#bankingbad