Why Nostr? What is Njump?
2023-03-13 23:45:11

EdwardDiamondhands on Nostr: “This step will ensure that the U.S. banking system continues to perform its vital ...

“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis)

Really…??

How THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield?

How THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK & CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM?

Uncle ​ and Uncle ​, can you please rip these disingenuous fucks a new one?

#bankingbad
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