Trump administration is looking to abolish the FDIC.

[Dafunkdoc_Unlimited]

Doubt it goes anywhere, but I'll watch from back here.

​

 

[Ironman]

Thanks racists Thanks sexists( especially self hating sexist white women)

 

[Macallik86]

To those that don't know, if a bank goes under, by law the FDIC reimburses you back every penny up to $250k.

Prior to the FDIC, whenever a bank went under, you lost every dime you had in the bank...

 

[Samori Toure]

How does this help with grocery prices

Well once they steal all of our money we won't be able to buy groceries, so the prices will go down. Brilliant.

 

[Apollo Creed]

Mods should be moving topics to the forums they belong in.

Yeah i ask because i feel TLR threads about politics are never for genuine convo just some shyt on the opps shyt

 

[#BOTHSIDES]

Yall didn’t even read the article… smh

 

[Wiseborn]

I disagree,he is very serious.


very serious about enriching himself and concentrating money and power into as few people as possible

That I agree with

Not even worth asking Coli Magat " I like my racism out in the open" guys about this.

For the gimmie my stimmy voters hollaat me when the fractional financing zaps your savings account

 

[feelosofer]

What Trump wants is to hand as much power to billionaires and while destroying the middle class to the extent where the vast majority of Americans are essentially modern day serfs to our corporate overlords.

 

[Ed MOTHERFUCKING G]

FDIC does audits on bank’s debt leverage to make sure they have a certain percentage of liquid capital. Removing them would allow corporations to do wild shyt without having to keep their books solvent.

Yeah...I'm in finance...they're my auditor.

That's the real point. It's just a deregulation measure.

 

[desjardins]

FDIC protections are the reason banks are "too big to fail"
Remove that and it's basically no point of people keeping their money in banks
This could also be a move to push people to using crypto

 

[2 Up 2 Down]

This is even further proof that the GOP are NOT for the average citizen but for the mega wealthy and corporations.

 

[DonB90]

 

[Adeptus Astartes]

Bitcoin this is that fakkit Elon trying to ensure that digital currency takes over

You see the play. Further undermine fiat to push crypto.

 

[Born2BKing]

Trumps people have a goal of eliminating regulations on the banking industry

 

[987654321]

1. It is, but it's an independent agency

2. To them it doesn't matter, anything that fccks over corporations, they'll go after.

3. We about to re-enter those Great Depression era like drawings

They are helping corporations and banks, they want to fukk over the middle and lower class. The fdic is to insure customers still have money if a bank becomes insolvent