FDIC cuts: Wall Street's delight. #econsky
Reposted from
Robert Reich
Trump and DOGE want to slash the FDIC's workforce by 20%, leaving fewer watchdogs on the beat to police Wall Street misconduct.
Remember: the FDIC was created during the Depression to protect people's deposit accounts.
Gutting it could lead to another financial meltdown.
Remember: the FDIC was created during the Depression to protect people's deposit accounts.
Gutting it could lead to another financial meltdown.
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