The fact they did this without involving congress AT ALL should worry every American.
@henley7012
Жыл бұрын
Congress doesn't care about solving problems only whining about them. Have they introduced a new immigration bill yet??? Immigration was their LOUDEST WHINE over the last two years. I thought they would introduce a bill to solve that problem. The fact that they've yet again, done nothing means they LOVE to WHINE rather than fix problems. Fixing a banking liquidity problem after causing it isn't their habit. They would rather create the problems. Trump removed community banks from oversight so that this kind of liquidity problem was inevitable . So here we are, this is what they designed..banks going under.
@paulcunningham1496
Жыл бұрын
Were the uck is congress???
@cupidok2768
Жыл бұрын
U ppl havent learned anything from the last 3 yrs?
@kimcissell1905
Жыл бұрын
Absolutely. Democrats refuse to show up. The petrodollar is being dumped. The US dollar will no longer be the base currency. America is going down and taking others with her. BRICS rules.
@edmunddantes935
Жыл бұрын
No joke. This congress is the all time lamest
@goosefukulardeath7300
Жыл бұрын
Two years ago, Janet Yellen once said that the federal government is much better at spending money than the citizens who pay the taxes. Well, look where we’re at now….
@bradleyqueen3879
Жыл бұрын
Didn't she also say that we wouldn't ever seen another financial crisis?
@vister6757
Жыл бұрын
It's still correct to this day. It will not help with the QT.
@goosefukulardeath7300
Жыл бұрын
@@vister6757 just…no
@olliefoxx7165
Жыл бұрын
Yellen says whatever Obama tells her to say.
@henley7012
Жыл бұрын
Government is better at building infrastructure and handling the cost of drugs and medical care than individuals. There are some things that the collective power of government can do better than the tax payer. That's just obvious. You wanna try building your own military? I don't think so.
@scoobydoo9579
Жыл бұрын
Senator Lankford is spot on. She is basically fumbling around but confirming Too Big To Fail is still alive and well. Nothing changed since the last crisis ... we learned nothing.
@CaptTeamwork
Жыл бұрын
Oh we learned a lot. We learned that part of the bailout money will be spent on lobbyist, after corporate bonuses, so the cycle can keep repeating. Thing is these people are not accounting for WW3 which they are blindly leading us into. The wealthy have extracted all the wealth they can so they turn to inflation to get more wealth. Well that leads to disaster. It always does.
@Technicallyimright
Жыл бұрын
A good step would be to ban anyone with Stein, Cohen or Berg in their names from managing money. They and their people are clearly not very good at managing our money.
@johnrenterprises2604
Жыл бұрын
They learned they can do what they want. Yellin is a fricking puppet. We have watched the ultra rich continue to get special treatment and the regular people pay the bill. The lower earners will continue to get their handouts. This excuse they don’t want to burn down the system so they have to do this. This means at some point it WILL burn down and there will be nothing they can do about it.
@orangepearlf40
Жыл бұрын
We have the Highest GDP on planet 🌏 earth folks. So that's why they don't care because at the end of the day it falls on the working classes backs. America is a corporation and your their slave and slaves suffer. That's the name of the game folks.
@anthonyharms6298
Жыл бұрын
We learned a lot. The corporations and banks didn’t learn a thing, because they were bailed out by us. It’s a fucking joke, because it’s happening again w/o consequence.
@demef758
Жыл бұрын
Yellen speaks like my 84 year-old grandmother when she's describing her dinner and dessert at Applebee's from the night before. Instead, she's explaining that Brandon delivered on his pledge to protect the ChiComs. Once Brandon is bought, Brandon stays bought.
@traderinthetrees1785
Жыл бұрын
10% to the big guy probably
@P4DR
Жыл бұрын
You must hate your grandma
@Whooboy400
Жыл бұрын
It's a toss up who is more cognitive impaired, Yellin or Biden. Yellin gives a lot of word salad, Biden just kinda tosses it around minus the dressing!
@Dstew57A
Жыл бұрын
Senator Lankford…you are awesome. Thank you for this.
@lanagoddess8386
Жыл бұрын
Love my senator
@HardRockMaster7577
Жыл бұрын
A Senator doing his job. It's so refreshing to see in 2023 ! ! !
@tomhorvath6137
Жыл бұрын
Yellen is actually clueless.
@igrowtowerspermaculture9055
Жыл бұрын
and a geriatric.....!
@scottdiehl565
Жыл бұрын
She's a wack job
@rickw3243
Жыл бұрын
Correction: she isn’t clueless; she just doesn’t care about the little guy.
@Eennki
Жыл бұрын
Sorry, but unfortunately you are clueless. She knows EXACTLY what they are doing. It's all part of the plan .
@nightflight1454
Жыл бұрын
She always sounds like she just got hit in the head with a sledgehammer.
@DaleDribbleRules1
Жыл бұрын
Thank you Senator Lankford! You are appreciated for the work you do.
@ricardokowalski1579
Жыл бұрын
Yes. 👍
@BEAR-247MA
Жыл бұрын
She is a perfect example of how those who have put themselves "in charge" of us have absolutely no business being in charge of the paper goods aisle, let alone monetary policy.
@toplarry
Жыл бұрын
So in other words it's personal decision for her and Biden. Pick and choose
@MikeJones69696
Жыл бұрын
She even looks stupid 🙄
@henley7012
Жыл бұрын
Until we return to oversight for all banks and cancel the Trump deregulation of community banks. All banks need to have oversight. Last weekend was proof of it.
@tdvols
Жыл бұрын
I do believe that bank was a big liberal donor!! What else would you expect from these crooks!!
@federalistpapers4523
Жыл бұрын
Remember when the Democrat party defended the working class? Currently, Biden's administration and Yellen chose to bail out wealthy individuals. Republicans are the party currently defending and standing up for the working class.
@nipples8776
Жыл бұрын
@@henley7012 stop playing into the trap and trying to blame Trump. He wasn’t able to do anything on his own 😂😂😂😂
@amyjimenez3573
Жыл бұрын
Why would anyone listen to anything Yellen has to say? She has proven herself to be foolish or corrupt. We cannot trust a single word she speaks.
@sidsnyder8043
Жыл бұрын
Amy I want to know who put " The Honorable" before her name ?
@SaboTaGGe1982
Жыл бұрын
🤮🤮🤮🤮🤮🤮
@dothrakidani358
Жыл бұрын
And literally difficult to listen to...worble worble.
@lours6993
Жыл бұрын
Isn’t that the job description for president of the Fed?
@asoganthangavellu6230
Жыл бұрын
I truly feel very sorry for fellow Americans, a person like Janet should never be trusted from day one. She should be retired immediately, she does not have any plans for the crises. The middle income people will be held hostage at all costs. God Bless America 🇺🇸🙏🙏🙏
@chasdoig8055
Жыл бұрын
Thank you Senator Lankford from a proud Oklahoman
@kalpeshdesai1626
Жыл бұрын
I love that they always have to move on when the situation suits them and they feel uncomfortable or don't want to answer a question honestly.
@JamesBond-uz2dm
Жыл бұрын
This is a another huge transfer of wealth from the poor and middle class to the elite class.
@henley7012
Жыл бұрын
Biden said it was going to be paid for by other banks and these particular greedy incompetent people running the bankrupt banks will be fired. This will not be another 2008 Bush handout to big banks at taxpayer expense.
@jonmunch3298
Жыл бұрын
Better get as much of your money as you can.....out of the bank
@henley7012
Жыл бұрын
Nope. Biden said the banks are paying for it not the depositors. Only Repub Presidents, like Bush, require Americans to pay for the incompetence and greed of the rich.
@kensmechanicalaffair
Жыл бұрын
Stop talking about wealth transfer.
@sergeantmajorzero7482
Жыл бұрын
By 'transfer of wealth', do you mean 'theft'?
@swimpenney
Жыл бұрын
So. Once again individuals in government pick the winners and losers. I need to re-read the US Constitution to see where THAT authority comes from.
@jimschuman9926
Жыл бұрын
2:45. He nailed it! She was speechless and a deer in the headlights.
@williammills2852
Жыл бұрын
Yellen is not clueless, she is SENILE.
@HardRockMaster7577
Жыл бұрын
No, that's an act. Don't be fooled!!!
@youpigfacetv
Жыл бұрын
Basically, tax payers are bailing out the banks...
@Brucev7
Жыл бұрын
and Paying for Illegals, and......
@bavariangaming4003
Жыл бұрын
again
@CharlesGraham
Жыл бұрын
No, we are bailing out depositors who have more than 250,000.00 and we should not! They should lose money and learn not to put their money in woke ass banks that no nothing about banking!!! I think they would have lost about 5 - 10 % of their deposits...
@tanabhensley
Жыл бұрын
again
@henley7012
Жыл бұрын
I don't think that's the plan this time. I think the plan is to get the money from other banks, while penalizing no depositors.
@Zebojr2kool
Жыл бұрын
Why didn’t she just say “if it hurts rich people we will protect, if it’s hurting poor people f*ck off”
@dr.erelevant9204
Жыл бұрын
You are completely right. That is more or less what she just said, in veiled jargon.
@brentdreisbach6829
Жыл бұрын
Great line of questioning, Senator. Thank you.
@Johnny974
Жыл бұрын
What is with these elderly people in such high positions of power, literally their abilities are on a downward trend
@marleneotwell8839
Жыл бұрын
I cannot stomach listening to this activist (Yellen).
@youtubetim3577
Жыл бұрын
Right, I can't stand her makes my blood boil she talks and everything is a lie and she knows it.
@Virgocygni56
Жыл бұрын
Yes of course the dishonorable lady Yellen, she was admitted for a while for a screening in my Clinic but then she moved to the Fed against my recommendation
@deathmetaldave
Жыл бұрын
Inflation is transitory. Fn.liar f.u.j.y.
@markpiersall9815
Жыл бұрын
Translation: If you have more than $250,000 in an account insured by FDIC, you need to move the excess to another institution as you will be made whole only upon the whem of the Federal Reserve board members.
@christinanapolitano6837
Жыл бұрын
She’s gonna trigger runs by not caring about small banks!!
@agenttexx
Жыл бұрын
If none of these bankers are going to be sent off to prison, then this is a complete waste of time.
@quartzstatistics
Жыл бұрын
bankers never go to prison. they are the 'law' if you did not know......
@nipples8776
Жыл бұрын
They all got bonuses 😂
@danherrick5785
Жыл бұрын
People are now beginning to wake up to the fact that this whole system is a waste of time. When enough people actually wake up and stop working for useless dollars, we will see the real reality of this mess.
@AmericanNope
Жыл бұрын
Bankers own the system. Is this not obvious to everyone yet? “Give me control of a nations money supply and I care not who makes the laws” -N. Rothschild
@shirleytaylor7680
Жыл бұрын
Thankyou Senator for being our voice.
@henley7012
Жыл бұрын
This guy voted to allow the community banks to be free from oversight when he agreed with Trump's deregulation of community banks...because oversight is a burden on the poor guys. Thousands almost lost their savings last weekend because of it.
@TheWholeGrainBread_Real
Жыл бұрын
@@henley7012 thousands of billionaires. Cry us a river my guy. The Fed made the FDIC useless. The government told all banks that their deposits were insured no matter the amount.
@TheWholeGrainBread_Real
Жыл бұрын
@vance edwards why do you think taxes are good?
@TheWholeGrainBread_Real
Жыл бұрын
@@garyalexander2506 dumbest thing you can do.
@blessingjohnchelliah4317
Жыл бұрын
Until the Republicans in Congress agree to support needed REGULATIONS that protect bank deposits, this wll be a recurring problem. The Derugulation CURSE began with Ronald Reagan and was revived by Donald Trump. Whether it is a train derailment, or near misses in airline traffic, safety regulations help keep us safe.
@pepsime6895
Жыл бұрын
'We felt that there was a serious risk of contagion' she said... that statement definitely put everyone's minds at ease and will certainly stop any panic🤣. Stupid or intentional, you decide
@l-cranchjustthinking8302
Жыл бұрын
Good for you Senator Lankford. A better question may have been, "What criteria must a bank meet in order for the FDIC/ Fed to cover 100% of all depositors for Banks in Oklahoma?" I wonder if Bancfirst would be covered 100%, I doubt it!! Also, in order to meet reserve requirements, what is considered liquid. I don't think that 10-year bonds are very liquid unless you want to take a giant hit when you cash them in early. My understanding of the SVB failure is that it wasn't because they were insolvent, it was that they simply had liquidity issues. This whole deal stinks to high heaven!!
@Virgocygni56
Жыл бұрын
Jimmy Dore explained it just like that
@beastraban9282
Жыл бұрын
My aunt was an accountant & at age 80 she has no idea about her finances. Yet here we are with Yellen ?
@betsyj59
Жыл бұрын
Yellen knows exactly what she is doing. Look up her employment history online and you get a clearer picture of just who she is and who she is working for and with.
@olliefoxx7165
Жыл бұрын
We have decrepit puppets leading us to ruin.
@elkaluzi
Жыл бұрын
@@betsyj59she work for wall street.
@Deathreachbf
Жыл бұрын
Senator Lankford, bless you, for standing up for us.
@henley7012
Жыл бұрын
Did Langford say anything when Trump removed the Community Banks from oversight?? I think not. He is really just a well paid actor who plays whatever role he's given. If the Repubs are in charge he's for deregulating banks from oversight. When Dems are in charge he's concerned about the rich or regular Americans losing deposits. He really doesn't care about you in any sincere way.
@kristiemanning6640
Жыл бұрын
Keep after them Senator Langford!! Great job 💜
@zorkestar
Жыл бұрын
Yellen isn't clueless, just sneeky and evil.
@timmyturner7514
Жыл бұрын
Unbelievable that this is real life
@henley7012
Жыл бұрын
This was caught far, far earlier than the 2008 debacle. Now that was a disaster. This has been reduced to a small blip because of quick and decisive action by the Treasury.
@terrancedick8912
Жыл бұрын
Organized theft.the helicopter Money will take care of what's Left of the worker's life savings
@howardh316
Жыл бұрын
Yellen's Plaque Should Say The Un-Honorable Janet L.Yellan.
@usa4262
Жыл бұрын
AMEN.
@henley7012
Жыл бұрын
It should say, "Appointed to Clean up Trump Made Messes". So higher pay is required because she must work harder than other Treasury Secretaries.
@marcbrewster1169
Жыл бұрын
From watching and listening to yellen, she is absolutely unfit to hold the position she is in. It’s disgraceful to see and here her talk, embarrassing. We need someone with a sound mind and a clear understanding of what needs to be done. She’s got to go.
@quantumleaper8396
Жыл бұрын
Way to go, Langford , you make us Okies proud
@georgeeichenlaub3592
Жыл бұрын
Yellen is in over her head and has no clue as to the discrimination she is furthering .
@federalistpapers4523
Жыл бұрын
As are ALL democrat politicians. They no longer work for we the People. They work for the extremely wealthy, Big Tech, Hollywood Elites, and don't mind crushing the working class to satisfy the wealthy.
@henley7012
Жыл бұрын
No, Trump was in over his head and proved it when he exempted Community Banks from oversight. Yellen now has to clean up Trump's mess.
@loveamerica2828
Жыл бұрын
This goes way above Yellen....This is the plan...Create more control over the population by driving the little guy out of business!!!....Kind of like KZitem, Twitter, Facebook...controlling social media
@bobcanuso5800
Жыл бұрын
So, we are not a democracy, We the People can not decide what happens in the United States...Good or Bad...The government steps right in and decides for us...They pull the strings, that is why, they, the people in the government get wealthy and We the People pay the price.
@JohnAPrins
Жыл бұрын
And that is not only going to keep happening but it is going to get worse until Americans use the rights that were given to us by the founders to throw off the yoke of tyranny. You get the hell that you tolerate and the apparently the average American is so filled with sloth, cowardice, and anti-americanism that they have come to favor wearing their yoke proudly because taking any action to remove it would require effort and spine.
@killjoy8914
Жыл бұрын
The voting allows them to decide for us rather we like their choices or not , Not very many people realize those people aren't in office for us . the pandering for votes in no way is honest.
@mattmarshall1589
Жыл бұрын
we are not a democracy, we are a constitutional republic with democratic elections.....everyone repeating "democracy" is a form of brainwashing, it is how they confuse and want you to think... the democrats have been building a socialist/communist democracy inside the institutions of our republic for years....hence the reason they always cry "we have to save our democracy"...they are not referring to our republic but what they are building internally.....
@henley7012
Жыл бұрын
Prompt action by the Fed prevented a run on many other banks. If they had not acted promptly the bank runs would have spread quickly to your community bank. This is on Trump for deregulating community banks so we weren't watching their cash on hand vs lending practices. Higher interest rates are causing a strain on some previously greedy community banks who got used to low interest rates and found themselves unable to deal with higher rates today. Poor planning because Trump made them exempt from oversight, no oversight no planning needed...or so they thought.
@TheWholeGrainBread_Real
Жыл бұрын
@@henley7012 when in doubt blame Trump right? Nevermind the fact that it was the banks job to maintain liquidity and make sure they were in a position to withstand a possible bank run, you know, what banks are supposed to do? It's the banks fault for investing in long duration bonds. It's their fault they took the $1.8b loss.
@thanhdrummer2462
Жыл бұрын
There you go, Senator Blankford. You are one of the senators I admire.
@drajdew1664
Жыл бұрын
We need more senator like you.
@craigsarles8077
Жыл бұрын
It's hard to express coherent thought when your head is full of deception and untruths.
@dracul1984
Жыл бұрын
They won't say out loud that they only care about protecting their billionaire friends, because they also get payouts for doing so.
@Virgocygni56
Жыл бұрын
Excellent conclusion, but why has it taken so long to find out since 2008?
@dracul1984
Жыл бұрын
They got lazy and overconfident, and quit covering their tracks, and forgot how to lie well. Just look at Yellen repeating lies even after being told that her comment was empirically inaccurate. Or Democrats bashing journalists for journalism that exposed 1A violations. Clown show can't even begin to describe the circus we are seeing play out rn.
@HardRockMaster7577
Жыл бұрын
Jamie & Co. had to prop up First Republic.... For their great benefactor Nancy I guess.
@Irishajw2
Жыл бұрын
You are doing an amazing job. Thanks for being my Senator!
@17forever64
Жыл бұрын
Holy crap, no wonder we have a mess in this country with a person like Yellen in charge, WTH! She can’t even talk!
@CribNotes
Жыл бұрын
They purposefully put a cute old lady in place who looks like she bakes good cookies so you look like a cruel villain if you question anything she does.
@manchesterutdfan66
Жыл бұрын
cute ?
@Virgocygni56
Жыл бұрын
If she gets into my clinic she will have to bake better cookies before a full labotomy will be exercised
@davebielke6319
Жыл бұрын
1000%...
@olliefoxx7165
Жыл бұрын
That's why Biden has chosen so many diversity hires. The media never questions them.
@teekay_1
Жыл бұрын
She's never baked a day in her life.
@richard-cf8ce
Жыл бұрын
I can't believe these guys can't come up with enough flatout embarrass her. Everything she's done is wrong
@olliefoxx7165
Жыл бұрын
They've done alot to embarrass her. If you can't see that then I don't know what to say.
@SuperDave-pe1zw
Жыл бұрын
There's NOT 1 single person in potatoes administration that has any idea what the hell they're doing 😳 FJB
@kathleenanderson8172
Жыл бұрын
So true. It's just insane.
@user-wg3yn1it5y
Жыл бұрын
I disagree they know exactly what they are doing. Breaking us down, enriching themselves on the way out.
@SuperDave-pe1zw
Жыл бұрын
@@user-wg3yn1it5y true 👍
@ralphemerson497
Жыл бұрын
But they check a boatload of checkmarks from the woke checklist.
@righteyeartistry156
Жыл бұрын
It’s a regime. Not an administration.
@dianavaldez3371
Жыл бұрын
Great questions by the senator 👏👏👏
@zacverser910
Жыл бұрын
Yes! You go get ‘em’ James! I love you, Sir!
@jameselliano1203
Жыл бұрын
Screwing the small banks. Yes, great topic. Janet Yellen has no idea what the hell to do.
@henley7012
Жыл бұрын
She's already done it. Fired the management, made the depositors whole, and is working to fix the Trump mess created when he exempted Community banks from oversight. The bank rush was confined to two banks and didn't spread to all. Prompt action is possible when the geriatric folks are smart and have good reflexes.
@user-nt4gf6to5n
Жыл бұрын
Rules for you, but not for me 😂😂😂
@vister6757
Жыл бұрын
I am wondering how FIDC suddenly is able to make all depositors whole when not all accounts are insured.
@pytulyn1
Жыл бұрын
You were on point senator. No doubt. Yellen’s response imprecise and almost reflecting her incompetence in this matter and overall. Oklahomans should be proud.
@williamkeating6406
Жыл бұрын
we are screwed
@henley7012
Жыл бұрын
Yellen is unscrewing us. Trump left us screwed by allowing the Community banks to be exempt from oversight.
@kalburgy2114
Жыл бұрын
I found it interesting that the chairman was pushing Senator Lankford to stop because of time constraints, but shut up in a hurry when ms. Yellen wanted to say more.
@user-wg3yn1it5y
Жыл бұрын
He got his envelope.
@ericgoolsby2171
Жыл бұрын
Senator Lankford, thanks for this! It is so difficult to listen to Ms. Yellen, how is she the Sec. of Treasury???
@HardRockMaster7577
Жыл бұрын
I think you should listen to an hour of Geithner and Paulson testifying to get a perspective... 😄
@deanfirnatine7814
Жыл бұрын
Thanks for pointing out the truth, SVB is a bailout of tech corporations in Silicon Valley and the super wealthy there same with the NYC bank. If this happened to my regional bank none of us would get more than the $250k. Honestly I doubt they would do this with even a huge regular bank like B of A because most of their clientele are average Americans and small business, this was about WHO the depositors were in SVB and Signature.
@Mrskateboardboy
Жыл бұрын
Listening to Yellen, I had the feeling that whether depositors are covered or not is basically her decision. I have no confidence in her a Chairman of the Fed at this time.
@henley7012
Жыл бұрын
Trump deregulated Community banks in 2018. Yellen is now picking up the pieces of his stupidity. ALL BANKS NEED TO BE REGULATED..that is obvious to all except idiots like Trump.
@michaelwiegenstein1616
Жыл бұрын
From her powerful response , and her commanding presence , I don't know if I would even let her balance my checkbook without great concern ! What type of job does she perform?
@user-wg3yn1it5y
Жыл бұрын
Gate keeper
@betsyj59
Жыл бұрын
She and her central bank colleagues are in the midst of transferring more wealth to the few banks at the top and hearding everyone's deposits into those banks where it will be much easier to pull off replacing the dollar with digitally programmable CBDCs. Once you have to use programmable "money" to buy or sell anything, your independence and liberty are gone.
@Virgocygni56
Жыл бұрын
Last time she stopped in the clinic she was sharing some cookie recipes
@Cope_M
Жыл бұрын
They’re consolidating banks in preparation for the CBDC. Executive Order 14067 for Digital Assets was signed on March 9th and will begin July 1st. That’s why they’re accelerating this. Not to mention their reckless spending, Ukraine money laundering and general cronyism.
@betsyj59
Жыл бұрын
Yep. I wish more people were aware of what is going on. Western leaders are just about to divest everyone of their last vestiges of independence and liberty by eradicating the old fiat currency system and replacing it with digitally programmable CBDCs.
@JerryDLTN
Жыл бұрын
Not sure why they did this but I remember going with my grandmother to the bank a couple of times a month...she would bring cash from home for the bank to write money orders so my grandparents would use the money orders to mail off to pay their bills. Looks like we'll all need to bank the hard way by keeping cash out of the banks, not use debit or credit cards, and pay for things with cash as much as possible so the Federal Reserve either has to quit their game or they have to show their true self and who they're really for.
@HardRockMaster7577
Жыл бұрын
Digital currency is coming. After that, the "chip."
@tigercub1965
Жыл бұрын
Thanks for your questions Senator Lankford. You are amazing. Janet Yellen still has no idea how to encourage tax payers and how to encourage business and consistently goes after the goose that lays the gold eggs.
@MikeJones69696
Жыл бұрын
So the American tax payer money is going to Chinese Citizens and the ccp🤔
@user-wg3yn1it5y
Жыл бұрын
no it goes to Israel to the 500 jewish startup company that have claims they cannot prove, and of course the bank is run from top to bottom from the chosen ones. What about all the bonuses they got before this, and Biden is going fire them what a joke. LOL We should demand they all be put behind bars before they run to Israel, and buy more real assets with tax payer money .
@federalistpapers4523
Жыл бұрын
Democrats are spending OUR tax dollars on China, and the extremely wealthy demomocrat base in the tech sector. Republicans defend the working class tax payer. Remember, this is not your grandfather's DNC. This is the wealth defending DNC of the elite.
@henley7012
Жыл бұрын
Those two banks that went under were given enough rope to hang themselves and that's exactly what they did. Not all bankers love their depositors. Most just want MO' MONEY. That's the flood gate that Trump opened when he removed community banks from oversight. They took depositors money and ran for easy profits forgetting to be careful with savings..greed is a curse and must be REGULATED against.
@IBERJEN
Жыл бұрын
its almost as if there was someone 100 yeqrs ago that warned us about this type of banking and people like Yellen. Very mysterious.
@MaxChampagne69
Жыл бұрын
The person you're referring to was right about everything, but especially to the facts pertaining to Yellen's people and their typical banking practices.
@henley7012
Жыл бұрын
Read your history. All banks were covered until Trump deregulated the community banks in 2018. This one is on Trump as are all other potential failures until we get them all under oversight rules again.
@christopherbownes494
Жыл бұрын
Crazy how they always make themselves look like the villains every time as well.
@theservco
Жыл бұрын
Wish we could say it out loud. Hopefully someday very soon.
@jackbeme1289
Жыл бұрын
This whole bank bailout reeks of Jewry
@billyjonesy2972
6 ай бұрын
Senator James Lankford is my favorite person in Congress. In reality, he is the most STATEMAN-LIKE person in politics, today. He is fiscally responsible like my previous favorite politician, Doctor Tom Colburn, R. Oklahoma. I believe he is the smartest and wisest member of Congress. (At least one of a small group of such people.) He approaches the issues intelligently. When he first went to Congress, he held telephone town hall meetings that I could listen to and participate in, if I wanted to. That is called transparency. He was very good at discussing whatever issue his contingency brought up. James Lankford is the best! Keep an eye on Senator James Lankford from Oklahoma. I hope he becomes President! Yellen isn't smart enough to match wits with Senator Lankford.
@kevo2831
Жыл бұрын
So basically they did the EXACT same thing they did in 2008 and are going, "so whatcha gonna do about it?"
@Pete391
Жыл бұрын
Again these rich crooks get bailed out.........The big middle finger to us regular people.......................
@Tacha1007
Жыл бұрын
Thank you for addressing this question and bringing the shenanigans out into the light of day!
@Technicallyimright
Жыл бұрын
You can literally see how slowly her brain is working.
@teaoflife1748
Жыл бұрын
Excellent questioning by Lankford!!
@Barnabus007
Жыл бұрын
She seems like she wasn't quite ready for this pushback. .
@nightflight1454
Жыл бұрын
She's never ready..she is dumb and she hasn't thought out anything like this
@user-wg3yn1it5y
Жыл бұрын
should be just the begining.
@worldwideveteran
Жыл бұрын
They are nationalizing the banks and there will be a few to choose from with a new digital currency. Say goodbye to the dollar.
@ladyville3
Жыл бұрын
The good thing about all the stuff going on is they are so confident they are playing reckless raising a great chance of people getting enough. All over the world people are getting fed up with the elites and govt.
@user-wg3yn1it5y
Жыл бұрын
If we are that stupid
@jacquelinekraynek6300
Жыл бұрын
No many states are passing laws no digital
@henley7012
Жыл бұрын
No, not nationalizing but rather returning them to oversight so that they don't take investment risks and keep enough cash on hand for emergencies. Trump allowed the Community Banks to be exempt from this oversight and this is what happened as a result. Another fine mess Trump left for us to fix.
@betsyj59
Жыл бұрын
@@henley7012 You might want to take a broader view. This is part of a global agenda to centralize power and take away the last shreds of independence we possess. Anyone who is forced to use CBDCs to buy and sell will have no independence whatsoever. Unfortunately, that is going to be virtually everyone.
@wolfwalker5924
Жыл бұрын
Little banks and little investors are not worth saving but big banksters are. RACISM plain and simple. Go after Yellen for RACISM.
@scarletttroquille6360
Жыл бұрын
You get a Great, great Grandma's Speech when you ask a direct Question... Never answers
@peterbauer9947
Жыл бұрын
Something is way off with Janet Yellen. Scarry
@dniboc7227
Жыл бұрын
Based on her response, she qualifies as the next press secretary.
@Barnabus007
Жыл бұрын
Since she parted ways with her brother Yoda she has been immersed in the dark side.
@TheDungShow69
Жыл бұрын
@@Barnabus007 Are you sure that's not Yoda ? Did you assume Yoda's gender
@georgehenderson7783
Жыл бұрын
Janet Yellen has done tremendous damage to the United States, she is a joke of a Treasury Secretary and she should be prosecuted and imprisoned and sued into oblivion.
@henley7012
Жыл бұрын
Funny you think that with Yellen but saw nothing when Trump laid bare all community banks in 2018 making them all vulnerable to this kind of disaster. Trump deregulation once more, is responsible for this weekend disaster. Just like he was responsible for the toxic train wreck. Deregulation is folly if you do it mindlessly as Trump did. REGULATIONS ARE APPLIED FOR GOOD REASONS...look at those reasons BEFORE deregulating. Trump looked at nothing but deregulated reflexively according to how effectively he was lobbied.
@SweetPicklenation
Жыл бұрын
Sickening that this is happening again.
@henley7012
Жыл бұрын
It's only happening because Trump decided the Community banks don't need oversight. Trump was clueless. ALL banks require oversight.
@eric3434
Жыл бұрын
Especially when bank bailouts were made illegal by the dodd frank act of 2010. Which is why they are redefining this as "Not-A-Bailout" when it's a bail out.
@froth7133
Жыл бұрын
He was actually fairly articulate in his position … im impressed. 😊
@jacobadams4296
Жыл бұрын
We should not be continuously bailing out banks with our tax money for their financial decisions.
@mfwriter959
Жыл бұрын
Senator Lankford makes some strong, thoughtful points. It’s refreshing to hear a Republican politician speak logically about real world issues. I didn’t know there were any left.
@TAYLORFAN50
Жыл бұрын
You didn't know there were any real world issues left? 😏
@mikeansley5306
Жыл бұрын
Actually Republicans are much more intelligent on average than Democrats. Democrats think men can have babies. Or how about Dems worshipping mRNA injections that are less than half as effective at fighting COVID as sunlight? Or thinking carbon dioxide is a pollutant or that it is manmade? The list of idiotic things Democrats believe out of faith to feel a false sense of superiority is endless.
@richardprofit6363
Жыл бұрын
@@TAYLORFAN50 He meant Repubs speaking logically...
@j.d.1488
Жыл бұрын
@@richardprofit6363 He is trolling.
@fstover5208
Жыл бұрын
There are several other very capable conservatives: Cruz, Daniels, Blackburn, Paul, Kennedy, Cammack, etc etc
@jwshepard6
Жыл бұрын
She's perfect for playing her role: knows Exactly what's going down but sounds like a dimwit when she speaks. I'll bet in private, she articulates perfectly. Excellent performance.
@henley7012
Жыл бұрын
Remember, it's not what she says that matters it's what she does. In this case she stopped a bank run before it got started.
@danherrick5785
Жыл бұрын
@@henley7012 Hell no - she just got a massive one started. Just listen to the video!!!!! All the small banks are loooooooooosing depostis!!!!!!!!!!!!!!!!!
@danherrick5785
Жыл бұрын
No - she is a certified idiot in real life - they purposely put an idiot in the role precisely because she will do what she is told. The last person you want in this role is an intelligent person. That person would have taken the medicine in 2008.
@henley7012
Жыл бұрын
@@danherrick5785 Yes, of course they are because Trump decided that oversight in a Community Bank is a waste of time. ALL banks DID and should still have oversight. We just need to go back to when these banks had to account for themselves to a federal regulator before Trump 2018 when he removed their regulations. Remember cheering for deregulation? A lot of sheeple did. We need to watch those we give our money to for saving.
@bernardhargraves527
Жыл бұрын
@@henley7012 really ? Wake up
@612tmoney
Жыл бұрын
Thank you Senator Lankford - this had to be pointed out.
@Blowupxeslana
Жыл бұрын
Thank you, I am grateful for your questions, specially those $600 tracking, is unnecessary government intrusion.
@rayfiore7779
Жыл бұрын
too big to fail once again, 2-tiered justice.
@user-wg3yn1it5y
Жыл бұрын
No only if we let them.. we now make them accountable. Names address etc.
@scottdiehl565
Жыл бұрын
Everyone in the US needs stop paying Federal Income Tax... Special rules for those but not for me.
@dniboc7227
Жыл бұрын
not a bad idea
@kimhicks3483
Жыл бұрын
Amen and amen.. we all need to go to Human Resources etc and stop
@thespicyonion
Жыл бұрын
Tell them not to take out handouts food stamps medical section 8 etc. it will never happen people rely too much on the government to step in when they can’t make it
@joblow4827
Жыл бұрын
In other words they will pick and choose which banks they will help although all taxpayers are paying for the bailouts
@orangepearlf40
Жыл бұрын
Correct.
@lee58901
Жыл бұрын
Good points but you missed a few. One the fact that she didn't answer the question about community banks. 2 That everyone else has to pay more because the FED is now pivoting back to QE by saving depositors at big banks.
@dtee06
Жыл бұрын
Another "prime" example of "when you vote for clowns you get a circus".
@kensmechanicalaffair
Жыл бұрын
The voting process has been corrupted, your talking about picking between the lesser of two evils, while a foreign country picks your president..pfft.
@brianchamberlain7466
Жыл бұрын
incompetence and corruption , it's one or the other or both
@henley7012
Жыл бұрын
That would be the guy who was responsible for the bankruptcies, Trump, who deregulated the Community banks in 2018 so Yellen can now begin to clean up yet another Trump made mess.
@betsyj59
Жыл бұрын
It's not incompetence. The central banking cartel knows exactly what it is doing. Herding people's banking deposits into the few banks deemed "too big to fail" is a necessary step in reaching their ultimate goal. Janet Yellen works for the central banking cartel.
@jackbeme1289
Жыл бұрын
There is no incompetence when Jewry is at work
@henley7012
Жыл бұрын
@@betsyj59 The solution is State owned banks. NOTHING is stopping each state from opening their own banks. I think there is only one state that owns their own bank, North Dakota, I think. We do not have to settle for anything. We can take charge of our destiny IF we can learn the truth about our condition. The Fox News network has proven to be a lying network but I'll wager that most people will continue to feed off the misinformation.
@toddmaywood5362
Жыл бұрын
AND this administration has never lied to us
@AKPNW76
Жыл бұрын
Great points. The Federal government should not be bailing out investments.
@dalemoreland5106
Жыл бұрын
Thank you Senator Lankford! Finding out the truth will always help Oklahomans and Americans in the end! Stay after them and hold them to the fire!
@gdismine01
Жыл бұрын
If Yellen tells you anything, bank on the fact that she is dead wrong and do the opposite
@henley7012
Жыл бұрын
Too bad he let Trump remove those Community Banks from oversight. That's when he could have been effective. Being concerned after the fact isn't much help.
@brando4221
Жыл бұрын
I don't expect to see another financial crisis in my lifetime Yellen lived longer than she thought.
@JS-zb1vv
Жыл бұрын
I’m glad you only get a few minutes to talk about huge problems that can never get solved and are going to have repercussions for years!
@advancedimpressions7014
Жыл бұрын
SVB catered to US media and Hollywood.... give them 250,000 not a penny more. Biden and Yellen picking winners and losers is bull.
@vicmontes7314
Жыл бұрын
and gave BLM $75,000,000!🤫
@jwonz2054
Жыл бұрын
And destroy US tech startups across the country..
@vicmontes7314
Жыл бұрын
@@jonescaleb162 Sorry, guy, but the $250K is insurance money, otherwise, I'm with you!
@user-wg3yn1it5y
Жыл бұрын
Give them shit and shove them in it the bankers.
@migueralliart
Жыл бұрын
Disgusting what they're doing. So, not everybody gets the same federal benefit? Isn't this unconstitutional?
@jaydubau8755
Жыл бұрын
Janet Yellen is essentially saying, large banks will be saved, small banks will not.
@clydedufffyaway
Жыл бұрын
I want to try the systemic risk option after living through previous bailouts that were hell for me and everyone I know. I think systemic risk is about as accurate as transitory inflation. Rules were made post 2008, but they change them without consultation.
@awwdstudio
Жыл бұрын
Yellen, once again talking rubbish and forcing a perspective that that’s what ‘every depositer’ wanted to do. Just complete rubbish. This woman is deceitful.
@henley7012
Жыл бұрын
Trump was incompetent and therefore allowed the Community banks to be exempt from oversight. Yellen is now tasked with cleaning up Trump's incompetence.
@ingehanson
Жыл бұрын
Surprised that she did not mention it to be the result of climate change and that the most important thing for the banks and the people is to adopt transgender madness and all LGBTQ pus insanity.
@henley7012
Жыл бұрын
I guess every depositor wanted to lose their money? She told them none of them will lose their savings. I think Trump should pay for the loses, since it was his "thinking" deregulate everything is the cause of this mess. Yellen's quick response saved the bank runs from spreading to other banks.
@awwdstudio
Жыл бұрын
2 fundamental issues there. You quoted, “I guess” - you have guessed. Every depositor wouldn’t of lost their money. Because certain people are covered and certain people aren’t. That’s a $250k threshold. Don’t pick and choose. Further more, if there was bank runs, you wouldn’t be preventing naff all, and that because certain amount of people in a bank run will access there money. What your essentially saying is it’s ok to prevent people from accessing money from their accounts.
@awwdstudio
Жыл бұрын
If you take a look at sec, and their track record, that is exactly why their should be some sort of de regulation. There going on nearly 40 individuals who have had criminal cases against them. I could go on for days. Trump clearly stated from the outset he would sort that rubbish out and look what happens. Look at the individuals who were caught transferring money during the Russian scandal.
@donsindelarsr9403
Жыл бұрын
Yellen gotta go, period
@TreeLuvBurdpu
Жыл бұрын
This is one way that private insurance companies do not screw you over but govt insurers will.
@AMan-rg4en
Жыл бұрын
Consolidation of power at all levels of government and business.
@michaelsnyder8488
Жыл бұрын
She still didn't answer the Senator's question.
@user-wg3yn1it5y
Жыл бұрын
never will
@betsyj59
Жыл бұрын
She certainly did take the opportunity given to her to encourage more people to transfer their deposits from small local banks (guaranteeing their failure if enough people do this) into the too big to fail" banks. That is what the central bankers want to happen.
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