PANIC: Yellen Calls Emergency Banking Meeting!

Janet Yellen wants to to know the banks are JUST FINE.

Very safe.

Rock solid!

Kind of like this, when Jim Cramer told us BEAR STERNS IS FINE!

Should I be worried about getting my money out?

Cramer: NO, NO, NO!

Hours later Bear Sterns imploded.

Kind of feels like history is repeating itself, doesn’t it?

Now we have Janet Yellen telling us the banking sector is just fine — mmmhmmmm, very strong! — meanwhile, she is calling an Emergency Banking Meeting on Friday.

Never beLIEve what they TELL you, believe what they DO:

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Here’s who attended:

Yeah, nothing to see here:

Fox News confirms the secret, emergency Friday meeting:

Treasury Secretary Janet Yellen on Friday morning chaired a private meeting with top financial regulators amid renewed fears over the global banking system.

The meeting – held by the Financial Stability Oversight Council – was closed to the public, the Treasury Department said in a statement. The meeting was previously scheduled.

Established in 2010 under the Dodd-Frank Act, the FSOC is led by Treasury and includes the heads of the Federal Reserve, the FDIC, the Securities and Exchange Commission and other regulatory agencies. The council meets regularly to discuss the state of financial stability and regulation.

Regulators have rushed to contain fallout after the stunning implosion of Silicon Valley Bank and Signature Bank earlier in March, including protecting all deposits at the two institutions – even those holding funds that exceeded the FDIC’s $250,000 insurance limit. The Fed also launched a new emergency backstop for lenders to help them meet deposit withdrawals under favorable terms.

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