Bail outEven though Yellen said there would be no bail out Sunday morning, Biden bails out the banks by guarnateeing that all depositors would b made whole, including uninsured deposits.
Biden's move has quieted the world's fear as the Asian overnight markets are booming.
Biden's SAVE means all finco investors can breathe a sigh of relief.
Unfortunately, much like the pandemic strategy, our children will pay the price.