Are you honestly buying this line of crap…??

clip_image002…Are you honestly buying this line of crap…??

Yellen: Banks ‘very much stronger’; another financial crisis not likely ‘in our lifetime

06-28-2017 • by Jeff CoxFed Chair Janet Yellen said Tuesday that banks are "very much stronger" and another financial crisis is unlikely anytime soon.

Speaking during an exchange in London with British Academy President Lord Nicholas Stern, the central bank chief said the Fed has learned lessons from the financial crisis and has brought stability to the banking system.

Banks last week passed the first round of the Fed’s stress tests to see how they would perform under adverse conditions like a 10 percent unemployment rate and turbulence in commercial real estate and corporate debt.

"I think the public can see the capital positions of the major banks are very much stronger this year," Yellen said. "All of the firms passed the quantitative parts of the stress tests." …Read Full Story

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