New History Headlines
Janet Yellen's Bank Run Jam
Secretary of the Treasury Janet Yellen
This week, the government took decisive and forceful actions to strengthen public confidence in our financial system.
First, we worked with the Federal Reserve and FDIC to protect all depositors of the two failed banks. On Monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. Shareholders and debtholders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action. Deposit protection is provided by the Deposit Insurance Fund, which is funded by fees on banks.
The Russian-Ukraine War: One Year Later
Biden In Kyiv
History Lives: March 31st, 1776
Remember The Ladies
"Remember the Ladies, and be more generous and favourable to them than your ancestors. Do not put such unlimited power into the hands of the Husbands. Remember all Men would be tyrants if they could."