'CREDIT CARD' JOE BIDEN PUT YELLEN IN TREASURY BECAUSE SHE HAS SUCKED ABOUT $8MILLION IN BANKSTER SPEECH FEE BRIBES AND WOULD PROTECT THE BIDEN'S NEARLY 150 DIRTY ILLEGAL TAX EVADING MOREY WIRE TRANSFERS FROM FOREIGN DICATORS AND CRIMINALS.
Janet Yellen: Regulators May Have to Tighten Banking Rules in Wake of Crisis
Treasury Secretary Janet Yellen will say on Thursday that regulators may have to tighten banking rules in the wake of the banking crisis.
The Wall Street Journal (WSJ) obtained prepared remarks Yellen will deliver at the National Association for Business Economics, which will present her with an award in memory of former Federal Reserve Chairman Paul Volker, who was famous for cracking down on inflation. Yellen served as a Federal Reserve chair and other top posts at the nation’s central bank.
Yellen will use her remarks to implement more banking regulations that began in the wake of the 2008 financial crisis.
“These events remind us of the urgent need to complete unfinished business: to finalize post-crisis reforms, consider whether deregulation may have gone too far, and repair the cracks in the regulatory perimeter that the recent shocks have revealed,” Yellen will say.
The Journal noted some former regulators have said that D.C. regulators have been too focused on America’s largest banks after the 2008 financial crisis, potentially ignoring possible issues with small and medium-sized banks. In 2018, under then-President Donald Trump, Congress passed a bill to roll back regulations that were viewed as too onerous for community banks.
The Fed is now reconsidering rules for medium-sized banks, or those with assets between $100 and $250 billion. The Biden White House will likely issue recommendations for rules to increase scrutiny over medium-sized banks.
“Regulatory requirements have been loosened in recent years. I believe it is appropriate to assess the impact of these deregulatory decisions and take any necessary actions in response,” Yellen will say.
“In large part, this was due to the post-crisis reforms we put in place. But in both cases, the government had to deliver substantial interventions to ease the pressure on certain parts of the financial system. This means that more work must be done,” she will say.
Yellen said the Financial Stability Oversight Council (FSOC), an interagency group created under Dodd-Frank reforms, will change its rules to subject institutions such as money-market funds to more supervision.
Yellen will argue that money-market funds, hedge funds, and stablecoins, or digital assets pegged to the value of a fiat currency such as the United States dollar, could present instability risks.
Yellen’s remarks will also call on Congress to pass legislation to regulate stablecoin issuers more like banks.
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter @SeanMoran3.
Poll: Growing Numbers of Voters Believe Joe, Hunter Biden Did Something Illegal or Unethical
More voters over the course of four month period are convinced Hunter and President Joe Biden have done something illegal or unethical in relation to his family’s business, a Fox News poll found Wednesday.
The increase comes after the House Oversight Committee Chair James Comer (R-KY) revealed in March the Biden family received a collective $1.3 million cut in 2017 from a Biden family business associate, who was sent a $3 million wire transfer from a Chinese energy company linked to the CCP.
The committee has also discovered unreported funds the Biden family businesses received while Joe Biden was vice president. Overall, the Biden family business has received more than 31 million during his reign as vice president.
Hunter has confirmed the $1.3 million China payout, while Joe Biden falsely denied it.
According to the poll, 64 percent believe Joe Biden did something illegal or unethical, the poll found in March. That number is greater than the poll’s findings in December when 62 percent said the president had done something illegal or unethical in connection with the Biden family business.
Polling data shows the increase of two percent was transferred from those who were recorded as unsure in December. Seven percent in December did not know if Joe Biden did something illegal or unethical. In March, that number shrank two percentage points to five percent.
The number of voters who believe Biden has done nothing wrong has remained constant. Only 31 percent in March said Joe Biden “hasn’t done anything seriously wrong,” mirroring the same number from December’s poll.
The growing belief that Joe Biden has done something wrong is tracing Hunter Biden’s polling data on the same question. Seventy-six percent say Hunter did something illegal or unethical, up from 73 percent in February and 70 percent in December.
Those who did not know if Hunter did something illegal or unethical has also shrunk over four months: 11 percent in March, 9 percent in February, 6 percent in December.
By convincing the undecideds, the polling data suggests Comer is winning the public relations battle against the White House, which has often refused to engage with the media.
Speaking with Bloomberg on Wednesday, Comer vowed to keep investigating the Biden family for nine violations to determine if Joe Biden is compromised by China for legislative purposes.
“We believe the reason the family was receiving this money is because of favors that Joe Biden did as vice president and or as president,” Comer said.
He added the trove of bank documents that revealed the $1.3 million China payout to the Biden family is one set of many more to be disclosed to the public in the coming months:
The poll surveyed 1,007 registered voters from March 24-27 with a 3 point margin of error.
Follow Wendell Husebø on Twitter @WendellHusebø. He is the author of Politics of Slave Morality.
DON'T WORRY BANKSTERS. THEY'RE NEVER GOING TO TAKE BACK SOME OF THE MONEY YOU'VE STOLEN.
A Bank Crisis Is NOT the Collapse | What Comes After is Much Worse
https://www.youtube.com/watch?v=LI2ngfB9f5s
Hawley, Warren Lead Bipartisan Bill to Hold Bank Executives Responsible for Bank Failures
Sens. Josh Hawley (R-MO) and Elizabeth Warren (D-MA) are leading a bipartisan group of senators in introducing legislation that would allow federal regulators to take back “all or part of” the compensation bank executives received in the five years preceding the event of another bank failure.
In the wake of the Silicon Valley Bank (SVB) collapse, the bipartisan legislation, Failed Bank Executives Clawback Act, would ultimately require federal regulators — in the event of bank failures, to take back the compensation bank executives received in the five years preceding the failure.
While the Federal Deposit Insurance Corporation’s (FDIC) ability to “claw back” compensation from bank executives in case of a bank failure is limited, bipartisan legislation would give regulators the tools they need to hold executives of failed banks responsible. The legislation would:
- Require the FDIC to claw back from bank executives all or part of the compensation they have received over the five-year period preceding a bank’s insolvency or FDIC-resolution as is necessary to prevent unjust enrichment.
- Extend claw back authorities established by Section 204(a)(3) of the Dodd-Frank Wall Street Reform and Consumer Protection Act to apply to any bank entered into FDIC receivership, not only those resolved under the FDIC’s Orderly Liquidation Authority.
- Ensure that, should an insured depository institution affiliated with a bank holding company fail, investors in that holding company should bear the losses of the insured depository institution.
“Bank executives who make risky investments with customers’ money shouldn’t be permitted to profit in the good times, and then avoid financial consequences when things go south,” said Hawley in a statement. “This legislation puts the executives’ own profits on the line, and that’s exactly as it should be.”
Warren, explaining that President Joe Biden wanted Congress to pass legislation to hold bank CEOs responsible, also noted that this gives “the financial cops … additional authority to clawback lavish pay and bonuses when executives explode their bank.”
“Americans are sick and tired of fat cat bankers paying themselves handsomely while risking other people’s hard-earned money,” Warren added. “It’s time for Congress to step up and strengthen the law so bank executives bear the cost of failure, not line their pockets and walk away scot-free.”
n addition to Hawley and Warren, the legislation is already supported by Sen. Mike Braun (R-IN) and Catherine Cortez Masto (D-NV).
A Bank Crisis Is NOT the Collapse | What Comes After is Much Worse
https://www.youtube.com/watch?v=LI2ngfB9f5s
HOW MANY ECONOMIC WAVES OF BANKSTER PLUNDER WILL THE AMERICAN PEOPLE PUT UP WITH???
ABOUT EVERY TEN TO TWEENTY YEARS THE BANKSTERS WIPE US OUT AND THEN PUT IT IN THEIR PCOEKETS ALONG WITH A FEW BANKSTER-OWNED POLS!
In every crisis, the two main classes of society align themselves and more and more directly on their fundamental material interests. The program of the ruling class will develop accordingly: rescue operations for the financial oligarchy combined with war and social counterrevolution.
Major Banking Crisis Looms as Study Finds Nearly 200 More Banks Could Potentially Collapse
The following content is sponsored by Monetary Gold, the official gold sponsor of Breitbart News.
The collapse of Silicon Valley Bank, followed by Signature Bank two days later, turned out to be the second largest bank failure in U.S. history. That is no small feat.
A recently published study by the Social Science Research Network found that 186 banks across the United States could collapse if half of their respective uninsured depositors were to withdraw their funds. Meaning you, an American citizen, walk into your bank and ask for what is rightfully yours. That simple act could collapse 186 banks with potentially $300 billion in insured deposits at risk.
The SSRN Study also evaluated banks’ asset books around the United States, and they found that there is an estimated $2 trillion discrepancy in their overall market value. They also said that uninsured depositors are a major source of funding for commercial banks and account for about $9 trillion of bank liabilities. So, if we, the people, were to ask for our money back, these banks could present a “significant risk” of collapsing the banking system.
Do you see 2008 again on the horizon? What’s different now? The bank collapse of 2023-2024 is but a mile away, and we can see it coming. In 2008, we were surprised, but now we are witnessing the same 2008 signals. Today, each one of us can still do something about protecting ourselves.
The banking system is made up of 100 percent paper assets. Money, stocks, bonds, mortgages, contracts, futures, etc. All paper. Just like during the Great Depression, we could all wake up one day to find our paper asset values cut in half—or worthless. With $31 trillion of debt, could that happen again?
There is only one way to protect your assets. That is to take 20 to 30 percent of your cash or paper assets and put them into precious metals. Determining what precious metals are right for you depends on your end game. This is not a “one size fits all” question.
But at the end of the day, it still boils down to “the preservation of capital.” If a $100,000 account has $30,000 in gold and the rest in stocks, and the stocks take a 60 percent hit, you now have $28,000 in stocks. More than likely, based on history, your gold might now be worth $35,000. So, now, after a 60 percent hit to your account, you still have $63,000 left. That’s one-way gold works to protect your portfolio and your retirement accounts.
Benjamin Franklin once said, “An ounce of prevention is worth a pound of cure.” Those words could not be any more true than they are today. Just taking one step towards preventing the loss of your savings will save you countless sleepless nights when the financial system begins crumbling from debt.
That one easy step is to get Monetary Gold’s financial protection guide. It’s yours—absolutely FREE of cost to you. You’ll learn how the super-wealthy protect themselves and shield their assets. It will reveal the secret IRS loophole that could save you thousands of dollars in taxes.
Inside you’ll learn about the world’s most powerful anti-inflation fighter and what you must do now to protect your retirement; and why China, Russia, and other communist countries are hoarding gold.
Please visit our website to get your FREE Monetary Gold financial protection guide today.
Peter Schweizer ‘Drills Down’ on How Bank Bailouts Rescue Clueless Silicon Valley Elites
Schweizer: It’s what you call an incestuous relationship between government and business.
On the latest episode of the Drill Down podcast, Government Accountability Institute President and New York Times bestselling author Peter Schweizer and GAI Vice President Eric Eggers tackle the recent failure of Silicon Valley Bank – and reveal California Gov. Gavin Newsom’s personal interest in the bank’s bailout.
“This was ‘the elite’ —this was the ‘Silicon Valley elite,’ Schweizer says of the SVB depositors, adding that much of SVB’s cash was invested in Environmental Social Governance initiatives which, in many cases, didn’t even make a product.
“Maybe people are right to be worried,” Eggers says of SVB’s demise.
On the other hand, Eggers stresses that if some of the cutting-edge tech companies doing business with the bank were allowed to fail, China could swoop in and buy everything “on the cheap,” putting America in a potentially compromised, weakened position.
“I think we should restrict China from buying up any of these companies,” Schweizer confirms adamantly.
“[ESG] businesses generally don’t make money,” Schweizer says, adding that SVB got caught with its pants down with too much money in too many green businesses.
Schweizer and Eggers expose California Governor Gavin Newsom’s personal interest in bailing out Silicon Valley Bank, including Newsom’s business connections to SVB and his shakedown for his wife’s charity. At Newsom’s request, the bank donated $100,000 to his wife’s charity, the California Partners Project, and later advocated the bank’s bailout. “It’s what you call an incestuous relationship between government and business,” Schweizer says.
To listen to the Drill Down Podcast – click here.
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