Quote:
Bloomberg just reported that Treasury Secretary Janet Yellen - who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one - will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.
FSOC's members include the heads of the Federal Reserve, the Federal Deposit Insurance Corp. and several other regulatory agencies. It has little legal authority but serves as a coordinating forum. Here is a list of the full members:
The Council's voting members are:
- The Secretary of the Treasury who serves as the Chairperson of the Council;
- The Chairman of the Board of Governors of the Federal Reserve System;
- The Comptroller of the Currency (OCC);
- The Director of the Bureau of Consumer Financial Protection (CFPB);
- The Chairman of the Securities and Exchange Commission (SEC);
- The Chairperson of the Federal Deposit Insurance Corporation (FDIC);
- The Chairperson of the Commodity Futures Trading Commission (CFTC);
- The Director of the Federal Housing Finance Agency (FHFA);
- The Chairman of the National Credit Union Administration (NCUA); and
- An independent member with insurance expertise who is appointed by the President and confirmed by the Senate for a six-year term.
https://www.zerohedge.com/markets/yellen-convenes-emergency-financial-stability-meeting-friday-banking-crisis-explodes
Janet Yellen Net Worth 2023 - $20,000,000
https://caknowledge.com/janet-yellen-net-worth/
Quote:
"Would I say there will never, ever be another financial crisis?" Yellen said at a question-and-answer event in London.
"You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be," she said.
https://www.reuters.com/article/us-usa-fed-yellen/feds-yellen-expects-no-new-financial-crisis-in-our-lifetimes-idUSKBN19I2I5
Our financial system is based on confidence. Are you confident that this woman is going to guide us through the current headwinds?????
