This is so bad.
FDR created the FDIC amid The Great Depression in order to restore faith in American banking. People were basically losing everything when their banks failed.
The FDIC was meant to prevent so-called “bank runs” where people would pull their money out to save what the could get.
FDR created the FDIC amid The Great Depression in order to restore faith in American banking. People were basically losing everything when their banks failed.
The FDIC was meant to prevent so-called “bank runs” where people would pull their money out to save what the could get.
Reposted from
Jonathan Todd
“Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp”
www.wsj.com/finance/regu...
www.wsj.com/finance/regu...
Comments
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"You ain't got nothing to lose in a bank run if you've got your money in Bitcoin!" - maybe ??
https://bsky.app/profile/lordbyronbunch.bsky.social/post/3ld5j3isrdk2r
Make no mistake.
Our own leadership (other than AOC)
seems to be saying in effect "Let's just
hope these Nazis are like the one's in
'Hogan's Heroes' and not SCHINDER'S LIST."
Democrats: We could insulate the house or ditch the oil boiler for a heat pump? That should bring the costs down.
Republicans:
* Takes a sledgehammer to the toilet *
Perhaps it will be fun to go back to bartering for chickens and milk.