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To continue this thread, note this WSJ piece from December that says Trump may abolish FDIC and instead have deposits insured by…the Treasury Dept. Meaning if there’s a run on the banks and you want your funds covered, you’ll need to go through Elon www.wsj.com/finance/regu...
Exclusive | Trump Advisers Seek to Shrink or Eliminate Bank Regulators
The advisers have asked potential nominees whether Trump could abolish the FDIC.
www.wsj.com
February 2, 2025 at 12:29 AM
To continue this thread, note this WSJ piece from December that says Trump may abolish FDIC and instead have deposits insured by…the Treasury Dept. Meaning if there’s a run on the banks and you want your funds covered, you’ll need to go through Elon www.wsj.com/finance/regu...