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by funstuff007 1189 days ago
Janet Yellen doesn't seem to appreciate or care about the incentives she and leadership have set up by choosing to make all SVB depositors whole, but not committing to do so for all banks.

https://www.youtube.com/watch?v=Bcvl104tyRY

2 comments

Part of this has to be because all these people are geriatrics. The consequences are the next generation's problem.
You really think Janet Yellen doesn’t understand Moral Hazard?