Watched the Janet Yellen video - you're right, that's frightening - if you're a big bank with powerful investors, you'll get bailed out - if you're not, you won't. Though you'll still have to contribute to bailing out the big boys. At least she spoke frankly!

That guy Lankford asking the questions - wouldn't mind having him as my lawyer - he wasn't letting her off the hook at all. At the end he makes the point (which she agrees with) that under Yellen's scheme, large Chinese-state investors (of which there was at least one in the silicon valley bank collapse) will get made-whole while normal US citizens who have their money in a small community bank will get black-holed.

It sounds like a strategy to counter the de-centralization movement. That's definitely the result, only question is whether its deliberate tactic or not.