pdxswede.bsky.social
@pdxswede.bsky.social
Reposted
do you enjoy knowing that when you deposit money in a US bank, you won't lose that money? nice, right?

it's because bank deposits are insured by FDIC.

i don't know what FDIC ever did to these people, but apparently it too is now on their blow-it-up list:

www.washingtonpost.com/business/202...
Banking regulator rescinds more than 200 job offers for examiners it needs
A government-wide hiring freeze is adding to a staffing shortage at the Federal Deposit Insurance Corp., complicating the agency’s efforts to oversee thousands of banks across the country.
www.washingtonpost.com
January 27, 2025 at 10:54 PM
Hello everyone, (B you are the first one to follow me :-)). As a dual citizen, I really need my US government to live up to the constituted checks and balances of the branches of government.
January 28, 2025 at 3:18 AM