I Prayed have prayed
Father, we pray for our banking industry. Give Yellen and other leaders wisdom as they seek to stabilize the banking system, Lord, but keep them from misusing taxpayer funds with any of their decisions.

Should all deposits be protected? Should the deposits from SVB and Signature be protected? What do you think?

From CNBC. Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend. …

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Yellen has been at the center of emergency federal efforts this past week to recover deposits for account holders at two failed banks, the California-based SVB and the crypto-heavy Signature Bank, based in New York.

A majority of SVB’s customers were small tech companies, venture capital firms and entrepreneurs who used the bank for day-to-day cash management to run their businesses. Those customers had $175 billion on deposit with tens of millions in individual accounts. That left SVB with one of the highest share of uninsured deposits in the country when it collapsed, with 94% of its deposits landing above the FDIC’s $250,000 insurance limit, according to S&P Global Market Intelligence data from 2022.

U.S. bank regulators announced a plan Sunday to fully insure all deposits at the two failed banks, including those above the $250,000 limit covered by traditional FDIC insurance. …

Democrats and Republicans in Congress have largely supported the emergency actions taken in the past week. But with markets recovering somewhat, lawmakers Thursday questioned Yellen about whether backstops for big banks will become a new norm, and what that could mean for community lenders. …

Republican Sen. James Lankford of Oklahoma pressed Yellen about how widely the uninsured deposit backstops will apply across the banking industry.

“Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now?” asked Lankford. …

Yellen acknowledged they would not.

Uninsured deposits, she said, would only be covered in the event that a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.” …

What do you think of Yellen’s statements? Share your thoughts and prayers below.

(Excerpt from CNBC. Photo Credit: Getty Images)

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Kenneth Zessin
March 23, 2023

she needs to retire , to old

March 19, 2023

Are we to trust the judgment of Yellin and other political hacks to decide which investors get bailed out and which do not? We all know the answer to that question. They will help their wealthy blue state cronies and let small investors in red states hang out to dry. Look at how little they care for East Palestine.

Priscilla Meyenburt
March 19, 2023

Father God as I asked God how do I pray on this matter of Bank Failures and when, I do not trust this Administration and how they handle finances and putting us at risk in America? “ Matthew 6:24-34 says “ No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.“ God, Daily I see the mis-use of money from this administration and I know deep in my spirit things are not correctly right, especially when statements are said as these words” “ Will the deposits in every community bank in Oklahoma, regardless of their size, be fully insured now?”
Yellen acknowledged they would not. “ a “failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences.” … Yet, God they are paying out to others who are over the Limit of Insurance protection. Father God as I read the reports from Yellen, once again I see manipulative favor behavior taking place once again in this administration of favoring the Named so called Big Banks with little or no concerns for the smaller banks. I saw a quote that fit this description! “ The people we choose to deal with can make a difference in the outcome of our lives.” Father I ask you how do we and what do we use to fight again, and again over these-(their rules) when we are praying and knowing this is not honesty coming from this Administration- that is going to bring up the debt ceiling?? “ OUR FAITH” Use your faith in Gods words- 2 Corinthians 4-13 “ says” We having the same spirit of faith, according as it is written” that God hears our prayers concerning these failures of banks and how it will effect America. Faith is not just trying to understand what is happening, it’s a choice, it’s Trust in what we pray to our Heavenly Father and how we Believe Gods words. During all of the pandemic’s and the rest of the fiery darts that has been sent our way, we are not to lean upon our understanding but to trust God hears our prayers. If the enemy can get us to live in fear he will defeat us. 2 Corinthians 4-8,9 “ 8 We are hard pressed on every side, but not crushed; perplexed, but not in despair; 9 persecuted, but not abandoned; struck down, but not destroyed.” We are in no doubt being pushed ! This is where we stand as believers, as we renew our minds daily with Gods words, keeping the strength from Gods words. BUT GOD! I love these words. There is always a BUT God, He is our source, He is our healer, He is Our rock and shield, He is our provider, He is our protector etc.” Allow the Holy Spirit to speak into your mind and remember Jesus took care of all of these problems at the Cross. Father God give us a renewed hunger for your words that direct our paths and as we ask that your blessed will be done in Jesus Name. “ Matthew 6-10- “ your kingdom come,
your will be done on earth as it is in heaven” 🧎‍♀️✝️ Faith rise up in all believers!


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