Comments by "Daniel Bradford" (@Falconlibrary) on "Jerry Carl Grills Janet Yellen About Bail-Out Policies" video.

  1. Yellen deliberately made a bad deal covering the uninsured depositors of SVB. Here's what I would've done (assuming Yellen's estimate of SVB's failure posing systematic risk is accurate): I would've offered the depositors two options. Option One: FDIC keeps 10% of your deposit as a fee for guaranteeing the remaining 90% over the $250k limit Option Two: FDIC only covers you to the $250k limit and you take you chances recovering the rest of your money from the bank's assets 100% of the depositors would've taken Option One unless they're insane, and since SVB had $175 billion in uninsured deposits, that's $17.5 billion straight into the FDIC deposit insurance fund. A more than fair deal for the uninsured depositors. But the real reason SVB's rich depositors were 100% failed out without any cost to themselves is because 100% of them are big Democratic Party donors. Let's not pretend this wasn't a corrupt and bad deal from start to finish, ok? And no, I don't want to hear about Trump this and Trump that. He hasn't been president for over two years. This is on Biden's watch and this is his responsibility. And his people screwed it up. On purpose.
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  2. Janet Yellen? More like Janet Felon.
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