United States | News & Politics

2020 readers

824 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

183

Trump’s DOGE Team Is Asking Potential Appointees If They Can Abolish the FDIC (truthout.org)

submitted 6 days ago by [email protected] to c/[email protected]

51 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 8 points 5 days ago

The bank's money is the capitalists' money; that's what they're loaning out to each other and investing into stocks. A mass bank run would run through Wall Street like a wildfire.

And the FDIC is the government bailing them out, that's the entire point of insuring money in bank accounts.