Janet Yellen actually said...

Was there any task more important for the Fed since the 1930s than understanding the financial system?

Yellen questions the Fed's understanding of financial risks since the 1930s.

11/13/2013

More Janet Yellen Quotes

Since 1789, the United States has a history of paying its bills on time.

I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June, and possibly as soon as June 1s...

It is important to be clear, shareholders and debt holders of the failed banks are not being protected by the government.

The strong actions we have taken ensure that Americans' deposits are safe.