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Treasury Secretary Janet Yellen called another emergency meeting of bank regulators on Friday to discuss developments.

Concerns over the health of Deutsche Bank are back in the headlines.

Shares of the large German bank are once again back below $10, approaching the 2019 all-time lows.

Yellen has offered her assurance that banks, not citizens, will pay for programs like expanded deposit insurance through increased fees. She just assumes people are too dumb to figure out at the end of the day, average citizens are always on the hook.

It was, unfortunately, entirely counterproductive in terms of growing the real economy.

This money wasn’t lent to entrepreneurs and consumers who might do something useful with it.

Now the government is riding to the rescue, once again. If the expanded deposit guarantees and special lending facilities don’t do the trick, Americans can be sure that Janet Yellen and the Fed will roll out even larger and more expensive interventions.