While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” in a rare Sunday move when the financial markets are closed, Martin J. Gruenberg, Chairman of the Board of Directors, of the Federal Deposit Insurance Corporation; Janet L. Yellen, secretary of the treasury; and Jerome H. Powell, Chairman of the Board of Governors, the Federal agency that oversees the privately owned Federal Reserve System of (central) Banks, issue a joint statement that uninsured deposits at the failed Silicon Valley and Signature (commercial) Banks will be covered.
[added 8/1/2026] Thanks to Freedoms Phoenix for this entry.
Subsequent Events:
References:
Federal Reserve Board – Joint Statement by Treasury, Federal Reserve, and FDIC
www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
Yellen’s Rescue Plan Would Destroy Small Banks While Bailing Out Chinese Depositors – Headline Wealth
headlinewealth.com/yellens-rescue-plan-would-destroy-small-banks-while-bailing-out-chinese-depositors/
Current U.s. National Debt:
