Trump administration is looking to abolish the FDIC.

[the artist known az]

Right on time for the 100 year mark of the great depression

 

[King_Kamala61]

FDIC was one of the GOAT FDR had in the "NEW DEAL" alongside the WPA which gave birth to the Harlem Renaissance Art Movement....

 

[beenz]

so a bank could fold and there would be no repercussions for people who have deposits?????

 

[Heretic]

Whoa this aint no democrat or republican shyt this is just stupidity

nikkas gonna see their bank stock is down and rush to take their money out.

Housing starts go through a downturn in a market and people start putting in in their mattress and bitcoin

I bet banks would freeze withdrawals before they let that shyt happen.

 

[Micky Mikey]

so a bank could fold and there would be no repercussions for people who have deposits?????

my brother. we're about to enter an era of unfathomable corruption, scamming, grifting, thuggery, and thievery. The American working class is about to get butt fukked with no condom or lube.

And it's all because people could NOT bring themselves to vote for a black women.

 

[the cac mamba]

no one is getting rid of insuring americans' bank accounts. that would be the dumbest, most universally unpopular thing trump has touted so far. democrats would have a field day; it would literally cause a "trump bank run"

republicans can barely govern. don't give them too much credit they dont have the talent or ability to do a lot of this stuff

 

[Absolut]

One of the dumbest ideas I’ve ever heard hard to see this getting thru congress thankfully

 

[Swirv]

Individuals under consideration for roles within the agency itself, as well as in the Office of the Comptroller of the Currency, are also being asked “if deposit insurance could be absorbed into the Treasury Department” after eliminating the agency, the report noted.

So they want the treasury to take over the function of the fdic? Doesn’t seem very efficient to me.

 

[Heretic]

Theres more than enough money out there breh

Yeah but not for the average person and they wouldn't liquidate every dollar they have to accommodate a run, that would guarantee a bank going over because that money that is deposited is how they make money on top of lending they invest. So if there's a run, there's nothing to invest so they'd freeze before they allow that.

 

[O.T.I.S.]

These dudes about to triple their money and escape to Mars


This is why I lost respect for anyone who voted for dude. Time will tell if it all goes to shyt but… history isn’t on our side for this

 

[null]

too much hogwash in the press.




they changed the limits recently.

 

[b_b]

America just straight up letting immigrants and immigrant adjacent dikkheads fukk us all in the ass.

 

[Roger king]

They can cut social security, medicare, medicaid, remove any social welfare assistance and rural whites and at least half the country would still vote to re elect trump once again if they can, it was never about the economy or pocket book issues, it was ensuring trump can enact his revenge on anyone non white and put them in their place and stop them from getting uppity, it was always about racial resentment

 

[IIVI]

The higher you go up in power, the more they hate Americans.

Why?

Because Americans provide an enormous threat: it’s much more feasible that an American make a rival company using the same resources.

What they’re doing is no different from what big businesses do to the smaller competitors: YOU CAN’T PLAY.

Capitalism in full form.

 

[bnew]

no one is getting rid of insuring americans' bank accounts. that would be the dumbest, most universally unpopular thing trump has touted so far. democrats would have a field day; it would literally cause a "trump bank run"

republicans can barely govern. don't give them too much credit they dont have the talent or ability to do a lot of this stuff

you never downplay any proposed policies by progressives or even neoliberals but repeatedly downplay policies by right-wingers.