I had only seen Yellen say “only the big bois “. Thanks for pointing that out. I still think you underestimate the power of these banks. Fed meets at banks’ offices when it hits the fan. Not the other way around.

And has yet to rescind the new policy

I thought fed said they’d continue to insure over 250k at banks whose failures might hurt the economy (too big to fail). I’ll bet the big banks with all their political control are sure their money falls in that category. If nothing else, their massive deposits brought FRC into that category.

They’d all rather be depositors than shareholders