"One Set of Rules For The CCP and Another Set of Rules For Thee" Essentially Yellen

The March 12, version of Yellen is much different from the March 16, version of Yellen, so clearly, she was lying on the 12th. This shows the contrast. The first clip is from the 12th, and the second clip is from yesterday, the 16th.

The March 12, version of Yellen says that investors will assume the burden of the risks they took. The March 16, version of Yellen says the bigger banks won't be injured from the risks they took, but small banks won't be treated the same, which will force them out of business.

The beneficiaries of this bailout are largely CCP depositors. The FDIC insures up to $250,000, above that is a risk you bear personally when you make a deposit at that bank. In order to compensate for the lost money they're paying above the 250k, they have decided to collect extra fees from unaffiliated banks.

Congress needs to step up and make these people go away. They are destroying our economy, and CCP investors can bank here "risk free?"