Lot of people dunking on this but if you were designing financial regulation from scratch you probably wouldn’t have three separate federal bodies overseeing the banking industry.
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Yashar Ali 🐘
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Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate top bank watchdogs.
Potential appointees have been asked if Trump can eliminate the FDIC and have deposit insurance absorbed into Treasury Dept.
That would require an act of Congress.
Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate top bank watchdogs.
Potential appointees have been asked if Trump can eliminate the FDIC and have deposit insurance absorbed into Treasury Dept.
That would require an act of Congress.
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