Trump team exploring eliminating FDIC, shrinking bank regulations

[Morphine Prince 109,712]

Dec 12 (Reuters) - 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.

Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could be absorbed into the Treasury Department, the Journal said adding that any proposal to eliminate the FDIC or any agency would require congressional action.

Read more: https://www.reuters.com/business/finance/trump-advisers-seek-shrink-or-eliminate-bank-regulators-wsj-reports-2024-12-13/

 

[Morphine Prince 109,712]

For anyone wondering, yes this was in Project 2025.

 

[StarstruckIllusion 53,579]

7 minutes ago, Morphine Prince said:

For anyone wondering, yes this was in Project 2025.

 

It’s so hard not to hate everyone that voted for him. 

I would, if I was an unserious person.

But I get the temptation…

Ughhhhh 

[PartySick 172,975]

Sure why not

[Ladle Ghoulash 54,006]

53 minutes ago, StarstruckIllusion said:

It’s so hard not to hate everyone that voted for him. 

I would, if I was an unserious person.

But I get the temptation…

Ughhhhh 

Meh, I think hating everyone who voted for him is completely valid tbh 

[ALGAYDO 35,180]

4 hours ago, StarstruckIllusion said:

It’s so hard not to hate everyone that voted for him. 

I would, if I was an unserious person.

But I get the temptation…

Ughhhhh 

It’s perfectly okay to hate- and even bully- all of those losers