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  • Democrats decide even CHINESE investors at SVB will be MADE WHOLE!!!

    From HangTextDrivers@21:1/5 to All on Fri Mar 17 11:39:15 2023
    The law says all the investors get is $250,000 but Child Molester in Chief Pedo Joe Biden says even chinese investors will get back every penny no matter how much it is.

    https://www.breitbart.com/politics/2023/03/16/janet-yellen-chinese-depositors-silicon-valley-bank-to-be-made-whole/

    march 16 2023 Treasury Secretary Janet Yellen told Sen. James Lankford (R-OK) during a Senate Finance Committee hearing on Thursday that Chinese depositors will be made whole while community banks will have to pay higher fees.

    Yellen spoke before the Finance Committee to discuss President Joe Biden’s budget proposal, but given the increasing concern over the instability in the banking sector, most questions revolved around the federal government’s response to the collapse
    of Silicon Valley Bank, Signature Bank, and others.

    Lankford asked Yellen if Chinese investors, including those with affiliations with the Chinese Communist Party, would be made whole through the government’s efforts to stave off a financial crisis.

    Yellen responded, “Uninsured investors will be made whole in that bank and I suppose that could include foreign depositors, but I don’t believe there is any legal basis to discriminate among the uninsured.”

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From KWills@21:1/5 to hangtextdrivers@gmail.com on Sat Mar 18 02:45:08 2023
    On Fri, 17 Mar 2023 11:39:15 -0700 (PDT), HangTextDrivers <hangtextdrivers@gmail.com> wrote:

    The law says all the investors get is $250,000 but Child Molester in Chief Pedo Joe Biden says even chinese investors will get back every penny no matter how much it is.


    1) Please get professional help for your phobia regarding your
    Enter/Return key.
    2) The standard coverage limit is $250,000 per account owner. Not
    account. Account holder.
    That means, technically, you could qualify for more than $250,000
    if you hold accounts in more than one ownership category. As an
    individual, and/or with a joint account holder.
    For example, a couple with a joint checking account can receive
    up to $500,000 for the same shared account ($250,000 each). And if
    each of you opens your own individual checking account separately
    (under the category of "single account") it would also have its own
    $250,000 coverage on top of your joint checkings $500,000 coverage.

    It is this that is allowing the FDIC to pay out more than
    $250,000. Not that you will care, since to do so will require you to
    understand something beyond your intellectual level.

    https://www.breitbart.com/politics/2023/03/16/janet-yellen-chinese-depositors-silicon-valley-bank-to-be-made-whole/

    march 16 2023 Treasury Secretary Janet Yellen told Sen. James Lankford (R-OK) during a Senate Finance Committee hearing on Thursday that Chinese depositors will be made whole while community banks will have to pay higher fees.

    Yellen spoke before the Finance Committee to discuss President Joe Bidens budget proposal, but given the increasing concern over the instability in the banking sector, most questions revolved around the federal governments response to the collapse of
    Silicon Valley Bank, Signature Bank, and others.

    Lankford asked Yellen if Chinese investors, including those with affiliations with the Chinese Communist Party, would be made whole through the governments efforts to stave off a financial crisis.

    Yellen responded, Uninsured investors will be made whole in that bank and I suppose that could include foreign depositors, but I dont believe there is any legal basis to discriminate among the uninsured.

    --
    KWills
    Strategic Writer.
    Psychotronic World Dominator.
    And FEMA camp activities director.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)