(VIDEO) Treasury Secretary Pressed on Smaller Banks Not Receiving Bailouts, Foreign Investors Made Whole

U.S. Treasury Secretary Janet Yellen testified Thursday before the Senate Finance Committee.

In her testimony, Yellen admitted that regional banks won’t receive the same bailouts as the “too big to fail” banks.

Is this a warning that bank consolidation, where bigger banks consume smaller banks, will soon arrive?

After Silicon Valley Bank’s collapse, the Federal Reserve and U.S. Treasury caved and said all deposits will be guaranteed – regardless of the $250,000 normal FDIC limit.

BREAKING: The Fed and Treasury Just Caved!

“Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them,” Yellen said during her testimony.

However, Yellen confirmed that smaller banks aren’t guaranteed the same protection for depositors over the FDIC insurance limits of $250,000.

Senator James Lankford (R-OK) pressed Yellen on the…