General Discussion

elleng

(141,926 posts)

22. ZACLY!!!

Sun Dec 15, 2024, 08:04 PM

Dec 2024

MOST people don't understand, what banking and MANY other things, and continue to be ignorant 'thanks' to tmp+ many other repugs.

AWFUL so many don't appreciate HIGH value of Consumer Protection Agency.

I'll repeat it again: UNREGULATED capitalism CANNOT thrive.

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Keepthesoulalive A HERETIC I AM love_katz Meadowoak rampartd dickthegrouch wave_maker

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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