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

submitted 5 days ago by [email protected] to c/[email protected]

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[–] [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.