U.S. Navy Veteran. Investigative Researcher. Into The Fitness and Health Lifestyle. Lives in The North-East of The U.S.A.
- Janet Yellen announces Treasury "backstop" of deposits for THREE failed banks
- FDIC says it will use its Deposit Insurance Fund (DIF) money
- Claims "no taxpayer money" will be used for bailout - but it's A LIE
- FDIC only has $100 billion max, and bailouts will cost MORE
- After FDIC burns through cash, Fed will PRINT money for bailouts
- Banks encouraged to act recklessly, running risky bets that fail
- We've entered the chapter where Fed prints money to bail out all the failed banks
Banks increase fees, taxpayer pays... DOWN WITH THE FED
