On the recordMarch 22, 2023
Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
Said by
Janet L. Yellen
Source
congress.govThose who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
Yellen emphasizes accountability for bank failures and protecting investors.
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More from Janet L. Yellen
Thank you for the invitation to testify and for your support of the Treasury Department.
This has never been tried. It has been rejected by all past Treasury secretaries.
This has never been tried. It has been rejected by all past Treasury secretaries.