U.S. Treasury Secretary Janet is Yellen more BS. Banking is based upon, wait for it… "Accounting". It is a simple system of debits and credits that are supposed to balance themselves out, thus making every transaction, wait for it… "Accountable". This is the same old BS, they use their own domain specific language to describe problems that somehow obfuscate the basic accounting principles of debits and credits because somewhere along the line, someone is using those BS terms to steal money/value. The only solution is to have the tax payer, wait for it… "Bail Out the Bankers" because without them the economy tanks.
Here it the theft:
> Asked if depositors should be paid back in full, Yellen declined to comment on the details. "We're very aware of the problems that depositors will have. Many of them are small businesses, that employ people across the country. Of course this is a significant concern.
Should small businesses be paid back for the money that they deposited? Yellen declined to say "Sure they'll get their money back" but she stated that we are very aware and this is a significant concern. In other words, US small businesses, Sorry man, you got "Jewed".