Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Yesterday, Janet Yellen said, "We're not going to be doing the bailout thing again", JB just said TWICE this morning, "No risk to US taxpayers".

JB said that the 'evil' Wall Street and banks will pay for the SVB depositors via a special assessment to all banks in the approximately $100B FDIC fund.

Left unsaid is that all American Families that buy CD's and other short and long term savings vehicles WILL PAY since the banks will ultimately need to cover the costs of increased FDIC insurance that they will simply pass through to depositors at reduced interest rates on American Families savings.