US Treasure Secretary Janet Yellen admitted to the U.S. Senate that the government will be selective in its bank bailout. The key extracts are cited below, but the main point is that, according to Yellen, “A bank only gets that treatment if a majority of the FDIC board, a super majority of the Fed board and I, in consultation with the president, determine that the failure to protect uninsured depositors, would create systemic risk and significant economic and financial consequences.” As expected, only the banks favoured by the financial elites will be bailed out. It is likely, as part of the globalist central banking plan, that the smaller banks will be allowed to fail, and be swallowed up by the big players, who always maximise opportunities in any crisis.
