Janet Yellen Q & A

The Fed's Chairwoman Janet Yellen spoke of "bad bank culture" on March 18. Apparently, it's not the Fed's concern.

"While changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the banks that we supervise have appropriate compliance regimes in place."

Those are Yellen's exact words. Here's why she's lying and how the Fed could change "bad bank culture" in the blink of an eye...