Stephanie PomBoy: Because of her FLIP FLOPPING ON

1 year ago
203

Economist Stephanie PomBoy with Tucker Carlson: "Never mind that we've got twice as much debt in the economy now and they're raising rates on that debt at the fastest pace in history. It'll be just fine. So keep your money in the banking system. I'm sure it'll be okay.

All kidding aside, though, the only thing worse than all the reckless policies that led us to this moment is watching the policy response to it. I mean, Janet Yellen's performance in front of Congress actually has accelerated the crisis because it's undermined confidence in the banking system so dramatically. So what could have been isolated to a couple of banks that were grossly mismanaged is now a full blown banking crisis because of her flip flopping on, well, we might bail out some banks and not others."

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