Yes that’s a good idea, let’s eliminate the FDIC and all other protections from banking.
U.S. President-elect Donald Trump’s transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday citing people familiar with the matter.
Trump advisers and officials from the newly established Department of Government Efficiency (DOGE) inquired about the possibility of abolishing the Federal Deposit Insurance Corp (FDIC), according to the newspaper.
Good good good so banks can lose all our money and we have no recourse. Fabulous plan.
… Read the restAdvisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance