General Discussion

snowybirdie

(6,689 posts)

3. Looks like panic

Sun Dec 15, 2024, 06:51 PM

Dec 2024

is setting in. Time to relax and ignore the rumors being promoted by Lord knows who. These new folks aren't Gods and we still have opposition in Congress. Time to fight the nuts and their limited ideas. Gotta be positive for your own mental health.

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wolfie001 mobeau69 c-rational BadgerMom calimary Zackzzzz Keepthesoulalive sunnybrook Espoir Meadowoak a kennedy LymphocyteLover CareFreeBea

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If these lunatics get rid of the FDIC and the Consumer Protection Agency, what the hell are we supposed to do? [View all] PlanetBev Dec 2024 OP

And I read here today that they are going to do away with the dollar and make bitcoin the currency. kimbutgar Dec 2024 #1

I think we will see A LOT of buyer's remorse. RandomNumbers Dec 2024 #2

Nah. Never happen. Orrex Dec 2024 #44

Yes they're looking into it by replacing it with something else that billionaires make money off of. kerry-is-my-prez Dec 2024 #58

I have no doubt there are many people in Trumps' orbit who would love for this to happen Wiz Imp Dec 2024 #13

agree... it's not out of the realm of possibility but would be so insane that this might be the least LymphocyteLover Dec 2024 #42

Isn't "mind-bogglingly dumb" written into the Republican Party platform? DBoon Dec 2024 #53

I had a Lehman Bros CD when they went under. Demobrat Dec 2024 #28

Aren't you assuming that most people know and understand the FDIC and even care about the Consumer Protection Agency? Jit423 Dec 2024 #78

Looks like panic snowybirdie Dec 2024 #3

I'll try keep that in mind, guys PlanetBev Dec 2024 #7

I know, I'm scared shitless hearing all the stuff that "might" happen...... a kennedy Dec 2024 #43

It would help if... lame54 Dec 2024 #76

They are the party that caters to the billionaires now. Quiet Em Dec 2024 #4

They WON't 'get rid of FDIC, as its much too important an agency, elleng Dec 2024 #5

Not to mention.... A HERETIC I AM Dec 2024 #16

ZACLY!!! elleng Dec 2024 #22

but unregulated capitalism makes it harder for capitalistic thieves to steal LymphocyteLover Dec 2024 #64

ZACLY!!! elleng Dec 2024 #74

just watch "It's a wonderful life" to understand what a bank panic looks like LymphocyteLover Dec 2024 #63

Hope you're right. calimary Dec 2024 #19

No. The FDIC is only for the small accounts --- 250,000 and under. erronis Dec 2024 #24

So where is the net worth of Elon Musk held, if you don't mind me asking. A HERETIC I AM Dec 2024 #33

I seem to recall drmeow Dec 2024 #25

They should absolutely raise it to at least $1 million Mike 03 Dec 2024 #65

I was referring specifically drmeow Dec 2024 #72

It has been one of their targets for a long time. Blue Full Moon Dec 2024 #34

why though? LymphocyteLover Dec 2024 #62

UPS and FedEx Blue Full Moon Dec 2024 #68

what do that have to do with the FDIC? LymphocyteLover Dec 2024 #71

I don't even understand the rationale for getting rid of it, unless they simply want to rob us blind LymphocyteLover Dec 2024 #46

There IS no rationale. elleng Dec 2024 #49

apparently it's for "streamlining" where they will move the functions into the Treasure Dept LymphocyteLover Dec 2024 #73

bingo. rampartd Dec 2024 #61

The FDIC??? underpants Dec 2024 #6

Hurry up and die, of course. Glorfindel Dec 2024 #8

That's exactly what they want. Blue Full Moon Dec 2024 #35

About 46 years ago, a friend's husband, who happened to be the Assistant State Auditor where we lived, advised us Attilatheblond Dec 2024 #9

Putting that money into a broad based portfolio of S&P 500 issues .... A HERETIC I AM Dec 2024 #17

If anything, they'll merge a few agencies and call it a win and trumpsters will cheer. Silent Type Dec 2024 #10

Since Roe was overturned I think anything horrible is possible when StarryNite Dec 2024 #11

I can't see the big banks allowing FDIC to go poof. spudspud Dec 2024 #12

Exactly. A HERETIC I AM Dec 2024 #20

They don't care. They have their's and that is all that matters. Blue Full Moon Dec 2024 #37

They won't have their's any longer in that kind of collapse. Kind of perverse feeling like their Silent Type Dec 2024 #60

I'm sure they'll privatize bank insurance Marthe48 Dec 2024 #14

The FDIC is not a budget item of the US Government. A HERETIC I AM Dec 2024 #21

So abolishing it saves no taxpayer money, right? Just like the USPS as well. What about the CFPB? Wiz Imp Dec 2024 #50

Bend over and take it..... lastlib Dec 2024 #15

My solution is going to be putting my cash in real estate Sucha NastyWoman Dec 2024 #18

That's what I have been thinking. Blue Full Moon Dec 2024 #38

The U.S. would be like Russia, Syria, Iran, Saudi Arabia etc.. LiberalArkie Dec 2024 #23

There are banks in other countries. carpetbagger Dec 2024 #26

Join a credit union. mzmolly Dec 2024 #27

100% Doge coin. Too cute right.😡 Blue Full Moon Dec 2024 #39

Credit Unions are insured by the National Credit Union Administration (NCUA) Wiz Imp Dec 2024 #51

They haven't thought that far ahead. mzmolly Dec 2024 #54

Good point, I guess "national" isn't as bad. But this is one I think they'll figure out pretty quickly anyway. Wiz Imp Dec 2024 #55

Perhaps we can get them to ban the NRA? mzmolly Dec 2024 #67

Trust your betters. They will surely be looking out for your interests. keithbvadu2 Dec 2024 #29

You could argue Consumer Protection is lip service. The FDIC part is more terrifying. Noel Kums Dec 2024 #30

It should scare everyone Farmer-Rick Dec 2024 #31

They have been undoing the protection. Blue Full Moon Dec 2024 #41

We have the answer Orrex Dec 2024 #32

I laughed. Message received. Noel Kums Dec 2024 #40

The best part is middle class Trumpers have NO idea Blue_Tires Dec 2024 #36

They are just worried about how they are Blue Full Moon Dec 2024 #45

A Great Depression will affect literally everybody, not just the chosen few. Initech Dec 2024 #48

might be more like this.... William Gustafson Dec 2024 #56

Well, on the plus side, you can't use the military to deport people if you get rid of the Department Of Defense! Initech Dec 2024 #47

I had this argument with a Libertarian moron a few years ago. louis-t Dec 2024 #52

Go to Credit Unions - they have their own form of insurance. kerry-is-my-prez Dec 2024 #57

Yeah it's called The National Credit Union Administration (NCUA) Farmer-Rick Dec 2024 #69

You are not going to like the answer JCMach1 Dec 2024 #59

I don't know whether this is reassuring or alarming, but Mike 03 Dec 2024 #66

I think they will try to change it in a hidden Farmer-Rick Dec 2024 #70

My pitchfork is really dull. I'd better go take care of that. John Farmer Dec 2024 #75

Hole up until '28. Sneederbunk Dec 2024 #77

At least the neoliberals will learn their lesson ysta Dec 2024 #79

And what lesson is that? B.See Dec 2024 #81

watch it all fucking burn Nimble_Idea Dec 2024 #80