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Divine Intelligence, etc

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The Uneven Application of Rules in the US System

Senator Langford from Oklahoma quizzed Janet Yellen about uneven application of rules in the US system. The Treasury and the Fed have just made whole all depositors at Silicon Valley Bank, even those depositors holding accounts over 250,000. "I'm concerned you're about to accelerate that by encouraging anyone who has a large deposit in a community bank," he said.

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