Let's talk about Trump going after the FDIC....

  Рет қаралды 53,853

Belle of the Ranch

Belle of the Ranch

Күн бұрын

Пікірлер: 821
@guymontag1427
@guymontag1427 10 сағат бұрын
This is why I didn’t want Trump to be president. All the drama 🎭. Seriously there is enough evil going on in the world without a sociopath creating more pain.
@susanbradleyskov9179
@susanbradleyskov9179 5 сағат бұрын
… and fear, and insecurity …
@SmilingIbis
@SmilingIbis 4 сағат бұрын
@@susanbradleyskov9179 ...and stupidity and greed and hatred...
@camelskitt_on_the_walls
@camelskitt_on_the_walls 3 сағат бұрын
And a quicker and surer worsening of the livable conditions on our poor little beautiful planet.
@casedismissed8581
@casedismissed8581 3 сағат бұрын
HAHAHAHAHA are we paraphrasing the view ?
@Brad-ip8wz
@Brad-ip8wz 45 минут бұрын
@@casedismissed8581 If the shoe fits
@thefisherking78
@thefisherking78 11 сағат бұрын
Dude hasn't even taken office and I'm exhausted
@dad45a
@dad45a 6 сағат бұрын
Trump, et.al., count on you becoming exhausted. If you stop paying attention, Trump will feel free to act however they want to act! The only constraints are public opinion and the elections in 2026, and beyond.....if any!
@smilingfox8978
@smilingfox8978 5 сағат бұрын
Maybe they will pull off an impeachment this time.
@dylantroyerdt
@dylantroyerdt 3 сағат бұрын
​@@dad45aI get your point but I don't really believe that's true. I don't think the trump admin cares at all about us being mad or feeling apathetic. I just don't think anything we (non MAGA) think pushes the needle in any way whatsoever.
@rhsb553
@rhsb553 3 сағат бұрын
@thefisherking78 Same.
@dad45a
@dad45a 3 сағат бұрын
@@smilingfox8978 'They' will NOT be in Congress. Perhaps a source with something to lose. Remember Nov 22?
@KarenHawes
@KarenHawes 14 сағат бұрын
Regulations are put in place because of past FAILURES.
@r0bophonic
@r0bophonic 13 сағат бұрын
We should name every regulation (I prefer the term “protection”) after the scandal that inspired it
@fkknight1
@fkknight1 13 сағат бұрын
Most people don’t realize this. All those labels on a ladder is because someone did the thing the label is telling you not to.
@davidellis4084
@davidellis4084 13 сағат бұрын
@@fkknight1 You slipped in before I got my post up! 😀 Great minds think alike.
@floriom9644
@floriom9644 13 сағат бұрын
Wish someone had put a regulation on Cheeto before election .....talk about FAILURE 😧😩😵
@Soapandwater6
@Soapandwater6 13 сағат бұрын
Doesn’t deregulation cause ethical concerns? Look at the 2008 financial crisis. Well, I guess that’s why crooked Donnie wants them.
@Opus313
@Opus313 14 сағат бұрын
Donnie can't even spell FDIC!
@k.k.9897
@k.k.9897 14 сағат бұрын
😂
@peterschancel7223
@peterschancel7223 14 сағат бұрын
F the ..F-DIC
@lorilee2485
@lorilee2485 14 сағат бұрын
You actually made me snort laugh! Nothing to be proud of I tell ya! 😂
@ThisThatAndTheOtherThing78
@ThisThatAndTheOtherThing78 14 сағат бұрын
Neither can ITs cult.
@peterschancel7223
@peterschancel7223 13 сағат бұрын
F-DIC
@bkmeahan
@bkmeahan 14 сағат бұрын
Musk is the supervillain. Trump is just the bumbling sidekick.
@sirjedisentinel
@sirjedisentinel 13 сағат бұрын
There's a lot we can do. I think one of the best things we can do is keep up the "President Musk" rhetoric. Because Trump is an egotist. And he's already showed it's getting to him.
@Soapandwater6
@Soapandwater6 13 сағат бұрын
@@sirjedisentinel and the VicePresident Trump rhetoric.
@WBS001
@WBS001 13 сағат бұрын
@@sirjedisentinel Sincere question: How? (I'd like to know what to watch for :)
@scottmwilhelms2437
@scottmwilhelms2437 13 сағат бұрын
I wouldn't be surprised if Elon practices his Montgomery Burns in the mirror.
@sirjedisentinel
@sirjedisentinel 13 сағат бұрын
@@WBS001 Twitter & Truth Social seem like good places to start. Not sure beyond that
@angelikalindenau943
@angelikalindenau943 14 сағат бұрын
Oh Belle, I love your new catch phrase: 'Congress won't vote against their own interests, they're not your average voter'. ... 😉
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
It's frustrating to think that the personal greed of our elected officials is the only thing protecting us.
@SphynxyXVII
@SphynxyXVII 13 сағат бұрын
Oooh that burn has to be studied it was so smooth lol
@RuSosan
@RuSosan 13 сағат бұрын
​@@SphynxyXVII That smooth burn was an inferno wrapped in silk.
@tombrown4683
@tombrown4683 13 сағат бұрын
@@victoriajohnson-parratt6975 and yet it's the only thing we can count on.
@genuineimpulse9134
@genuineimpulse9134 12 сағат бұрын
amen
@jediofossus882
@jediofossus882 12 сағат бұрын
Trump is talking about doing a lot of things but stopped talking about lowering grocery prices, curious isn't it?
@cherylb6755
@cherylb6755 11 сағат бұрын
Nope. Was never going to happen. Stable genius… neither stable nor genius.
@jediofossus882
@jediofossus882 10 сағат бұрын
@cherylb6755 Facts. I can't wait to watch his cult make excuses for him.
@user-fx4qz8pt3w
@user-fx4qz8pt3w 10 сағат бұрын
Predictable actually
@ivantuma7969
@ivantuma7969 8 сағат бұрын
Harris was the only candidate actually talking about using the full power of the FTC (or at least try) to go after corporations violating the Sherman Act and tacitly (or explicitly) colluding on price fixing (at the grocery store, and everywhere else). During his first term, Trump's administration and Republican congress actually curtailed funding for the FTC, to help their friends take greater advantage of markets - leaving the FTC with minimal resources to do investigations. He's never said one word about price fixing - and yet somehow, he fooled people into thinking he would wave a magic wand and viola - everyone could afford to eat filet mignon with and two over-easy eggs on top for breakfast every day.
@gjh9299
@gjh9299 6 сағат бұрын
no, his whole Blacks for trump crap was scrapped of course.
@WHSmithFloyd
@WHSmithFloyd 14 сағат бұрын
The FDIC is one example I typically go to when talking with someone about the benefits of the federal government, especially since the Great Depression. Thanks for your take on this!
@ProctorsGamble
@ProctorsGamble 13 сағат бұрын
My family would probably still be in the banking business if the FDIC was around in the ‘30s
@DubhghlasMacDubhghlas
@DubhghlasMacDubhghlas 14 сағат бұрын
deregulation of the banks is how we had the housing bubble happen, and lack of regulations is how great depression happened.
@Shadowtiger2564
@Shadowtiger2564 12 сағат бұрын
And high tarrifs And a number of other factors The great depression is a very complex issue
@IExpectedBSJustNotThisMuchBS
@IExpectedBSJustNotThisMuchBS 12 сағат бұрын
And how California was covered in smog... and how the Love Canal happened... and that recent train crash... not banks of course but either not enough regulation or deregulation.
@blairleighton3343
@blairleighton3343 9 сағат бұрын
Remember the savings and loans scandal, and investment derivatives and the subprime mortgage loans scandal, all brought to you by your friendly politician who was convinced by someone that the deregulation would benefit everyone. Well, a very select few did get very rich because they got in early and then got out early. Almost as if they knew it was a scam. The money that made them very rich came from a lot of average people who never knew what was going on.
@gigglehertz
@gigglehertz 7 сағат бұрын
But a lot of people made a lot of money, and the taxpayers cleaned up the mess, so it's not a problem for the super rich - it's a looting of the treasury
@brianSalem541
@brianSalem541 4 сағат бұрын
Greedy people will do anything to feather their own nests.
@rhondawilson619
@rhondawilson619 12 сағат бұрын
He’s a total idiot. He never ever thinks of consequences. He has that in common with his supporters.
@mmoore396
@mmoore396 9 сағат бұрын
Which is why I gave my father-in-law a jock strap that says TRUMP SUPPORTER on it for Christmas! He was PISSED! I was overjoyed!
@gjh9299
@gjh9299 6 сағат бұрын
he's never had to pay for consequences
@casedismissed8581
@casedismissed8581 2 сағат бұрын
@@gjh9299 HAHAHAHAHA but the american public payed the "consequences" of a 2020 stolen election !
@yotest3697
@yotest3697 14 сағат бұрын
Why is a bankrupt man taking crucial financial decisions?
@wolfe6220
@wolfe6220 13 сағат бұрын
The same way a felon is the leader of the party of "family values" & "law and order."
@floriom9644
@floriom9644 13 сағат бұрын
The "why" is b/c of stoopid dumb dumb immature cry baby voters ....in other words MAGA
@WBS001
@WBS001 13 сағат бұрын
"bankrupt man": morally or ethically? ....nm, it's both. sorry.
@generalputnam2990
@generalputnam2990 11 сағат бұрын
🎯🎯🎯
@cherylb6755
@cherylb6755 11 сағат бұрын
Because more Americans than not are bankrupt… in every way possible. Mother Nature needs to address this crucial imbalance immediately.
@DonP_is_lostagain
@DonP_is_lostagain 12 сағат бұрын
I am consistently amazed at just how little these people coming in to "run" things actually know about what the government does, what it funds, and how it works. For utter clarity, THE GOVERNMENT IS NOT A BUSINESS AND CAN'T BE RUN LIKE ONE!!
@karenrhoads1598
@karenrhoads1598 10 сағат бұрын
the goal i believe is to dismantle things to more easily facilitate a quiet coup & an end to our democracy...trump & musk are tools being used
@banedonrunestar5618
@banedonrunestar5618 5 сағат бұрын
Trump isn’t bringing these folks in to run agencies because they know anything. He’s bringing them in because they donated a lot of cash to his campaign, or his businesses, and they can be depended upon to do what he says, regardless or practicality or legality. Trump appoints people to lead agencies they personally know nothing about, or actively oppose, because then they aren’t likely to use those agencies to build their own little power base against him. The chaos they generate by smashing their agency and snarling it’s function just add to the chaos in general, which suits him perfectly.
@d33j4ybf
@d33j4ybf 4 сағат бұрын
We WERE once our government... We're now mere employees with no benefits.
@TheViolalove
@TheViolalove 28 минут бұрын
A government for the people, by the people is lost on them. They see it as a money laundering opportunity.
@tananario23
@tananario23 14 сағат бұрын
“Congress doesn’t vote against its own interests, they aren’t the average voter.” PREACH!!!
@katboss4886
@katboss4886 14 сағат бұрын
Belle snark at its finest
@BrendanMcGuire-u2v
@BrendanMcGuire-u2v 12 сағат бұрын
That was a good one
@cathysurerus576
@cathysurerus576 7 сағат бұрын
​@katboss4886 I KNOW!! The QUEEN of SNARK, in sweet, lilting voice... until u realize what words she actually SPOKE! 🥰😊
@asteroid9924
@asteroid9924 14 сағат бұрын
Remove FDIC, money leaves bank and enters mattress
@chaosmarklar
@chaosmarklar 14 сағат бұрын
Big money goes to foreign banks
@Lionesse-z41553
@Lionesse-z41553 13 сағат бұрын
Yup.
@AuntieMamies
@AuntieMamies 13 сағат бұрын
Yeh this would be a great way to destroy the banks, really
@miragegrey4177
@miragegrey4177 13 сағат бұрын
Hmmm . . . time to open an account in Canada, or Iceland maybe
@CricketsBay
@CricketsBay 13 сағат бұрын
Well, MAGA/Project2025 want to destroy everything else. They'll happily destroy the banks.
@ivantuma7969
@ivantuma7969 8 сағат бұрын
The three "D"s ... Distract, Deflect and Destroy
@JamesOrth-o1v
@JamesOrth-o1v 7 сағат бұрын
Eliminating FDIC so you can steal everybody's money is just plain criminal. Its been in place and worked since the depression.
@79visual
@79visual 14 сағат бұрын
Actually the FDIC does far more than just insure your accounts. They also step in if a bank is looking to go insolvent and bankruptcy. They will take over and do a full audit, fix the issues of the bank, retrain anyone left after the audit, and verify that it is stable before returning the bank to private ownership. They only do this as a last ditch effort to prevent the bank from folding under. This is why banks don't file bankruptcy, and makes sure that there is a stability to value of the dollar.
@coolaunt516
@coolaunt516 14 сағат бұрын
I worked for a big bank. We had auditors come in every year and examine how different departments were run. I don't know what they looked at because we were never allowed to speak with them.
@tabularasa0606
@tabularasa0606 14 сағат бұрын
Banks should not be private property.
@79visual
@79visual 13 сағат бұрын
@@coolaunt516 mainly because they don't want people messing with the information. If you don't know what they are looking for then a guilty party can't make changes to hide their misdeeds.
@crosslink1493
@crosslink1493 13 сағат бұрын
Technically they do go bankrupt, but its usually planned out ahead of time, agreed to by major stakeholders, the banks BOD, major shareholders, and the agreement usually sails through the bankruptcy process. That's why you see the institution close on a Friday as ABC Bank and re-open on a Monday as XYZ Bank.
@79visual
@79visual 13 сағат бұрын
@@tabularasa0606 yet they are. It's just a fact of our system. I personally think that banks should be limited so no single private institution has the economic stranglehold like Chase or Bank of America.
@fenris225
@fenris225 11 сағат бұрын
“Congress doesn’t vote against its own interests. It’s not the average voter.” Absolutely savage there Belle and Beau
@dennisyoung4631
@dennisyoung4631 11 сағат бұрын
It’s accurate, though. Just simply turn up your cynicism to “high”….
@shieh.4743
@shieh.4743 14 сағат бұрын
🙄 He does do a great job of "Hey, Look there and there while I steal things".
@virginialeary
@virginialeary 13 сағат бұрын
EXACTLY!!!!!!!!!!
@floriom9644
@floriom9644 12 сағат бұрын
Yea that's what I was thinking and people being people react accordingly to that ....😑
@Karen-gv8fp
@Karen-gv8fp 10 сағат бұрын
He is good at creating shiny objects to distract us! Not sure what he doesn't want us to look at, though, because he's such a motor-mouth so it's difficult to know what's hot air and what isn't.
@ninemoonplanet
@ninemoonplanet 9 сағат бұрын
Distraction action usually is used to distract toddlers, adults don't normally fall for this. Notice I said adults. 🧐
@WhatIsThatAvi
@WhatIsThatAvi 3 сағат бұрын
@@ninemoonplanet Yeah, but look at his constituents, they’re not grownups, they’re grownolds.
@ThisThatAndTheOtherThing78
@ThisThatAndTheOtherThing78 14 сағат бұрын
I have no problem if the FDIC is only cancelled for HIS bank accounts.
@cynthiabeard1424
@cynthiabeard1424 12 сағат бұрын
I agree!😊
@okkietrooy6841
@okkietrooy6841 8 сағат бұрын
It could be used as a trial run
@NomadicHomebody
@NomadicHomebody 13 сағат бұрын
“Congress doesn’t vote against their own interests, they’re not the average voter.” ~ Belle. Please put this on a t-shirt ASAP!
@Combatwhombat
@Combatwhombat 13 сағат бұрын
"Guys, we're being too fiscally responsible. We need to make subprime loans great again."
@DrippyDerp
@DrippyDerp 14 сағат бұрын
When will it end???!!!! It hasn’t even begun!!! Ughhhhhh……
@coolaunt516
@coolaunt516 14 сағат бұрын
Tell me about it.
@Lionesse-z41553
@Lionesse-z41553 13 сағат бұрын
My thoughts exactly. You know the scene in Elf where Buddy is running around and around in the revolving door? That's the inside of my brain, only Buddy is screaming in horror.
@ninemoonplanet
@ninemoonplanet 8 сағат бұрын
This is one time I wish I could be Rip Van Winkle, sleep through the next few years. 🧐😐
@roderick617
@roderick617 13 сағат бұрын
In the first year of his previous term, I noticed his attempts and success at removing regulations meant to protect Americans. He has no regard for any kind of consumer protection. His only concern is easing the way for the rich to become richer and to ingratiate himself with those wealthy and in power at the expense of this country. He also loves to throw random idiotic suggestions into the atmosphere to distract from what he's actually doing, and it's usually worse than what he's vocalizing.
@GH-zs9fj
@GH-zs9fj 13 сағат бұрын
One word. No! My parents lived through the depression. The stories they told me were horrifying! To this day, I have an equal amount of savings at 2 separate financial institutions. If one fails, I am OK. If both fail at the same time (statistically unlikely), I am doomed! Simply NO to "you know who"!!
@Leonaza7
@Leonaza7 14 сағат бұрын
Elected or not he needs to be taken into custody before he gets into office. He cannot be allowed to ransack financial institutions.
@Leonaza7
@Leonaza7 14 сағат бұрын
What’s going on is uncontrollable capitalism where the oligarchs have taken over our society for their own benefit and the enslavement of the larger society. From the health industry of hospitals, pharmaceutical industry and the insurance industry that ties it all together. Trump is the current front man but the theft has been going on for decades in both political parties. They sold our country for their own wellbeing. We the people are being robbed and abused by corporate forces that own everything even our government. Let’s take it back!
@user-anc123
@user-anc123 14 сағат бұрын
Lol
@MrMike855
@MrMike855 14 сағат бұрын
He needs to, but he won't be, so thinking like this is a waste of time. Think about how to stop him via Congress and the courts.
@davidbryden7904
@davidbryden7904 14 сағат бұрын
No, that's not such a good idea. If we go that low the gop will use it next o us(a)!!
@johnchedsey1306
@johnchedsey1306 14 сағат бұрын
It's time to move on from this line of thinking. He will not be held accountable for his crimes.
@coolaunt516
@coolaunt516 14 сағат бұрын
Another example of the importance of FDIC was in the movie "It's A Wonderful Life" where Geoge and Mary were about to go on their honeymoon and there was a run on the bank that George's father started. Mary got George to use their honeymoon trip money to enable the bank to stay open.
@ProctorsGamble
@ProctorsGamble 13 сағат бұрын
Yep. My family would probably still be in the banking business if the FDIC was around in the ‘30s
@barrythomas1148
@barrythomas1148 14 сағат бұрын
Regulations are generally created in response to a problem. Stripping them away just reintroduces it
@Mister006
@Mister006 14 сағат бұрын
That's the entire point, reintroduce the problems then claim to have the solution - but the solution was always taken care of by the regulation. They need crisis to get away with other nefarious actions, and what better way to create crisis than reintroduce old ones.
@dwaynejackson3935
@dwaynejackson3935 14 сағат бұрын
There you go using logic. You can’t use logic with the MAGA cult.
@IExpectedBSJustNotThisMuchBS
@IExpectedBSJustNotThisMuchBS 12 сағат бұрын
@@Mister006 Yes, the crises are guaranteed then.
@CantankerousDave
@CantankerousDave 11 сағат бұрын
Regulations are introduced to protect the powerless against the powerful. The powerful resent that.
@GriffonHouse2024
@GriffonHouse2024 13 сағат бұрын
He's saying these things so his name keeps driving the news cycle. He's been doing it for decades now. He also says these things to needlessly cause chaos. Once he's created a problem he can also come up with a "solution" so he can look like the hero.
@awlthatwoodcrafts8911
@awlthatwoodcrafts8911 3 сағат бұрын
Munchausen Syndrome
@davidbryden7904
@davidbryden7904 14 сағат бұрын
FDIC was formed bc ppl weren't able to trust their local bank(s). I'd imagine that scenario could happen again...😮
@zeropolicy7456
@zeropolicy7456 10 сағат бұрын
3 things would happen with the dissolution of the FDIC. The average person would do nothing because they can do nothing. Middle and Upper Middle Class would pull savings and probably either switch to international banks or try Cryptocurrency. The upper class would do nothing because they don't need to. Most wealthy people don't have liquid holdings to begin with and rely on asset value to borrow liquid capital from banks for everyday use. Their entire lives run on credit. Considering how disproportionate the wealth is, you'd think that the FDIC dissolving wouldn't scare the banks, but banks make their profits off of the poor in loans. The wealthy give them prestige and reputation, the middle class make the bulk of liquid savings so that they have capital on hand at any given moment, and the poor make poor financial decisions in the form of loans that the banks profit off of. While the FDIC dissolving may not directly affect the lower and upper classes, without liquid capital to loan to the lower class, they lose their ability to make money. And considering the middle class would absolutely pull uninsured savings, that means a collapse of domestic banking institutions.
@Robert-rt3ln
@Robert-rt3ln 10 сағат бұрын
Notice no word about lowering prices anymore.
@nilo70
@nilo70 14 сағат бұрын
Thank you Belle for explaining this so I can understand the situation And Merry Christmas Miss Belle !
@CPGurchGurch-ki8xw
@CPGurchGurch-ki8xw 14 сағат бұрын
I was reading trumps christmas missive, posted "on a minor social media site" when i got this notification! 😂
@olencone4005
@olencone4005 10 сағат бұрын
Considering his extensive history of financial failures and mismanagement, Trump is the last person on Earth who should be involved in anything related to banking or finances. I'd feel safer if the squirrel that lives in the tree outside my window were in charge of my banks rather than Donnie -- at least squirrels know how to save things for the future! o.O
@bornontherimofchaos
@bornontherimofchaos 4 сағат бұрын
Dang. That's a true statement if I ever heard. Ants have more brains, too.
@crosslink1493
@crosslink1493 13 сағат бұрын
Yeah, The FDIC elimination is not going to happen. And lets not forget how well all that banking and financial deregulation in the 1980, 1990s, and early 2000s worked, culminating in the 2008-2010 financial near-collapse.
@scoobydoo3928
@scoobydoo3928 12 сағат бұрын
Republicans always want to deregulate, and it always screws up the economy. It is a shame that so many citizens have such short memories.
@deechick2321
@deechick2321 9 сағат бұрын
The coverage was bumped up dramatically.
@daiakunin
@daiakunin 14 сағат бұрын
His terrible ideas are overflowing and he's not even if office yet.
@Ellie77909
@Ellie77909 14 сағат бұрын
Belle, I've been hoping you would cover this. Thank you so very much.
@allentowngal4769
@allentowngal4769 12 сағат бұрын
are we SERIOUSLY GOING TO LET THIS MAN TAKE OFFICE?
@gjh9299
@gjh9299 6 сағат бұрын
there are people trying to stop him for legal reasons
@Winspur1982
@Winspur1982 28 минут бұрын
If I lived in DC I would absolutely sit or lie on the street in front of his Ford-supplied motorcade on Jan. 20. (I do not, but I will try to observe MLK Jr. Day that day in a way that honors civil rights activists)
@allentowngal4769
@allentowngal4769 10 минут бұрын
@@Winspur1982 thank you for the reminder. I need to focus on MLK and other positive leaders on that day-people who DESERVE REAL accolades.
@RosemaryRobertson-bh2ut
@RosemaryRobertson-bh2ut 14 сағат бұрын
I think it's time to increase the FDIC $250 to $500 guarantee coverage. It's just a thought.
@ProctorsGamble
@ProctorsGamble 13 сағат бұрын
Yep. It’s a pain to have to use several banks to get fully protected
@ricardom2627
@ricardom2627 13 сағат бұрын
This guy just wants total anarchy. What's next?
@chuckmiller3401
@chuckmiller3401 12 сағат бұрын
I don't think he's secretly an evil super villain. He's openly an evil super villain.
@maxhine3550
@maxhine3550 4 сағат бұрын
This. People underestimate the rich folk backing him. If you rig the game to profit more when there's chaos, they will gladly remove regulations to create chaos. The US economy tanked for their benefit in the global economy is what worries me. People watching them should stop expecting following rules and normalcy from those engaged in crime, graft, and grift.
@WhatIsThatAvi
@WhatIsThatAvi 2 сағат бұрын
More like a tool for foreign adversaries.
@PENGUINGIRL1210
@PENGUINGIRL1210 Сағат бұрын
I’m glad I found your channel. It’s really helping me reality-check and ground myself when I get anxious about Drumpf’s shenanigans
@joeyager8479
@joeyager8479 14 сағат бұрын
This is and aways has been Trump's MO. Flood the zone! The more chaotic proposals he throws out there makes people feel that his other proposals or nominees will be preceived as more acceptable.
@Soapandwater6
@Soapandwater6 12 сағат бұрын
Exactly!
@khausere7
@khausere7 14 сағат бұрын
Banks are one of the most heavily regulated industries in the nation, second only to medicine, I believe. The reasons are simple - bank instability leads to failure, which leads to the FDIC swooping in and locking the doors while securing the assets, then selling them to another bank. By the way, the FDIC (or state banking regulators) always do this on a Friday at the end of the business day, and usually have other banks lined up to buy the assets so they can reopen as "New Bank" on Monday, with all of the depositors protected. Pretty good system, actually.
@WBS001
@WBS001 14 сағат бұрын
That's what they did in 2008 (Fri afternoon I was employed by Bear Stearns, Sunday - SHTF, Monday morning the signs inside the building were all JPMC)
@matthewgagnon9426
@matthewgagnon9426 14 сағат бұрын
Banks need to be WAY more regulated. Every single one of the regulations that was cut over the past 50 years needs to be reinstated.
@CrystalAbrahams
@CrystalAbrahams 14 сағат бұрын
Merry 🎅 Christmas!🎄 You deserve the best! 🇨🇦
@MBMCincy63
@MBMCincy63 14 сағат бұрын
👋🏻
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
Goodnight sparkling Crystal! I hope your holiday was everything you hoped it would be!
@marnie8007
@marnie8007 13 сағат бұрын
Unless he's secretly a super villain? It's not a secret.
@lamiagumbo
@lamiagumbo 14 сағат бұрын
Everyone needs to go watch The Big Short with Steve Carrell ASAP
@jockogle5250
@jockogle5250 14 сағат бұрын
Capitalism spawns greed. Greed spawns evil.
@TheMovingForest-z5j
@TheMovingForest-z5j 14 сағат бұрын
1 TIMOTHY 6:10 root of evil
@RuSosan
@RuSosan 13 сағат бұрын
Evil spawns capitalism.
@WhatIsThatAvi
@WhatIsThatAvi 2 сағат бұрын
Not unique to capitalism, sadly.
@jasonbelcher2224
@jasonbelcher2224 13 сағат бұрын
My thanks to Belle for, once again, providing first-rate and enlightening commentary. It seems the rhetoric to eliminate the FDIC is the handkerchief the illusionist waves around with one hand, distracting us from noticing the quiet discarding away of bank regulations that the illusionist executes with the other hand.
@jannegrey
@jannegrey 14 сағат бұрын
Hello Everyone! Stay Safe.
@MBMCincy63
@MBMCincy63 14 сағат бұрын
👋🏻🎄😴
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
Good early morning to you Jan! I hope you had a nice Christmas with your family!
@scottmwilhelms2437
@scottmwilhelms2437 13 сағат бұрын
Deregulation, favored by those who can't succeed within basic ethical or safety standards. That's what laws and regulations are generally supposed to be; the minimum of acceptable behavior. We would not like our society without them, a look at history shows us why.
@donaldwert7137
@donaldwert7137 14 сағат бұрын
Hello, Ranch Fam. Hope everyone had a good day, regardless of how or whether you celebrated it.
@MBMCincy63
@MBMCincy63 14 сағат бұрын
👋🏻
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
Good evening also good Donald! I hope your night is peaceful and calm!
@donaldrambo5150
@donaldrambo5150 14 сағат бұрын
🙏
@katrinawilliams7866
@katrinawilliams7866 14 сағат бұрын
Ty Belle and crew for all you do! I hope you're having a happy day!
@Sadiemaltitzu
@Sadiemaltitzu 14 сағат бұрын
90% of what he says is for shock value.
@angelikalindenau943
@angelikalindenau943 14 сағат бұрын
Exactly - it drives clickbait and ratings. That's his sorry genius. And millions oblige him at every f.art he releases...
@jimwhite2541
@jimwhite2541 14 сағат бұрын
Only 90% sir?
@magicmarker7047
@magicmarker7047 14 сағат бұрын
He remains talked about when he creates chaos, and secretly he enjoys making people worry, just like a psychopath.
@suehowie152
@suehowie152 13 сағат бұрын
He floods the zone with all sorts of outrage value.
@rebeccacamacho-sobczak4282
@rebeccacamacho-sobczak4282 14 сағат бұрын
Why is he even THINKING about this?!
@sunshine3914
@sunshine3914 14 сағат бұрын
Trying to keep up the facade of a stable genius entrepreneur. lol
@serenahilton1428
@serenahilton1428 13 сағат бұрын
Because he DOES want to destroy our Democracy and our economy
@grmpEqweer
@grmpEqweer 13 сағат бұрын
​@@serenahilton1428 I actually think he enjoys harming people.
@mariegarside8830
@mariegarside8830 12 сағат бұрын
Using the words thinking and Trump in the same sentence 🤔 Trump rarely engages his brain
@floriom9644
@floriom9644 12 сағат бұрын
He was probably having some fart of a conversation with someone and his take away was "close the FDIC" ....which was probably not even part of the original convo but Cheeto being cheeto ....well--who the f@#% knows ...😩
@k.k.9897
@k.k.9897 14 сағат бұрын
I was hoping you would cover this. Thank you and Merry Christmas
@junesecrist6719
@junesecrist6719 14 сағат бұрын
Deregulating banks is a very very bad idea!
@TropicalLatitude
@TropicalLatitude 12 сағат бұрын
This is why my grandmother born in 1884 always kept her money in a box under the bed.
@robertbess6515
@robertbess6515 12 сағат бұрын
I think he is a Super Villain. It’s one of the possible explanations for how a massive crook, has come to Power Twice. 😱💯😬
@carolbulmer8253
@carolbulmer8253 10 сағат бұрын
Thank you, Belle, for shedding a light on the FDIC.
@JeffKing-qy9nw
@JeffKing-qy9nw 14 сағат бұрын
Every time I hear “needs congress” I’m reminded of Article 5.
@ProctorsGamble
@ProctorsGamble 13 сағат бұрын
And REMOVAL from office after impeachment
@robinc6324
@robinc6324 14 сағат бұрын
Hello Belle. I hope you and your family had a good Christmas. Thanks for your excellent videos.
@debbeleigh1930
@debbeleigh1930 14 сағат бұрын
Thank you Belle for covering this issue! I’m grateful that you’re staying on top of the Trumpty BS! Merry Christmas Internet peeps 🎄
@kingfisherdreams9845
@kingfisherdreams9845 5 сағат бұрын
So happy you covered this...scary to think he might try.
@jacklund9366
@jacklund9366 14 сағат бұрын
I don't know about the "secret" part, but definitely the villain 🤔
@alphabravo8703
@alphabravo8703 14 сағат бұрын
Those in congress don't stash their cash in this country.
@Winspur1982
@Winspur1982 36 минут бұрын
The class to which congresspeople like AOC and Jasmine Crockett belong absolutely have most of their cash if not all in this country. When you get to the Pelosi class it changes.
@sacjs
@sacjs 14 сағат бұрын
Four more years of brilliant ideas from a very stable genius and his sycophants.
@roughroadstudio
@roughroadstudio 13 сағат бұрын
He's just the barely literate mouthpiece for the oligarchy who is actually running the show.
@Jesus.the.Christ
@Jesus.the.Christ 12 сағат бұрын
Narrator: But he was a super villain and he was trying to destroy the country because that's what his owner told him to do.
@noelazo8730
@noelazo8730 14 сағат бұрын
Belle quoted Patrick Swayze from 1991 film Point Break, Awesome!!!!
@dand3975
@dand3975 12 сағат бұрын
Nothing like a Caterpillar engine, Patrick Swayze quote in movie Black Dog.
@MrEsandSecrets
@MrEsandSecrets 14 сағат бұрын
Basically Trump is playing the Chewbacca defence.
@gobblinal
@gobblinal 13 сағат бұрын
I always thought the US banking system was already ridiculously underregulated. You mean it could be WORSE???
@catherinemorris4835
@catherinemorris4835 13 сағат бұрын
Stashing cash was one of my first thoughts when he won.
@larachaplauske8818
@larachaplauske8818 13 сағат бұрын
If you assume he's trying to destroy the country, everything he does and wants to do makes sense. He's just demented and stupid.
@generalputnam2990
@generalputnam2990 10 сағат бұрын
*Putin's agenda, exactly.
@cathysurerus576
@cathysurerus576 6 сағат бұрын
And he's being led around by the nose by musk, who wants every single gov't contract... because WHO could believe he can get by, poor baby, with ONLY 430 Billion?? Cut the guy some slack! Oh, AND by the heritage/koch crowd...
@fantym1633
@fantym1633 4 сағат бұрын
It's almost like he's acting as an agent for an enemy entity
@SomJim-u5y
@SomJim-u5y 13 сағат бұрын
The 'super villain' thing sounds about right...
@AuntieMamies
@AuntieMamies 13 сағат бұрын
What would be the actual purpose of getting rid of the fdic other than completely screwing the people? What for?
@koanikal
@koanikal 11 сағат бұрын
The answer is within your question
@Quagma-b2i
@Quagma-b2i 10 сағат бұрын
That is the only reason I can see.
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
Whenever it is wherever you are, I hope you had a lovely holiday!
@MBMCincy63
@MBMCincy63 14 сағат бұрын
👋🏻🎄😴
@donaldrambo5150
@donaldrambo5150 14 сағат бұрын
💤😴✌
@katboss4886
@katboss4886 14 сағат бұрын
As I hope for you Victoria. My new soup recipe may take a few hours but DANG. Is it worth it!! No wonder it is called “Marry me” orzo soup.
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 13 сағат бұрын
​@@MBMCincy63 Goodnight Mary Beth! I hope your day was pleasant and your night will be filled with peace!
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 13 сағат бұрын
​@@donaldrambo5150 Goodnight good Donald! I hope your sleep tonight is peaceful and pleasant!
@stephenupham8217
@stephenupham8217 10 сағат бұрын
Love the channel: “fewer issues” not “less issues”. This is just a mention from an English teacher that loves the language.
@katiecatwestsail7130
@katiecatwestsail7130 6 сағат бұрын
This is one of my favorite "corrections" from Seth Meyers"
@gregoriancatmonk6904
@gregoriancatmonk6904 14 сағат бұрын
Whats president Musk going to do?
@angelikalindenau943
@angelikalindenau943 14 сағат бұрын
Remind him that he who pays the piper calls the tunes.
@shawnr771
@shawnr771 3 сағат бұрын
Thank you for the commentary, Belle.
@Soapandwater6
@Soapandwater6 13 сағат бұрын
Thanks, Belle! I was worried about that one.
@TypeOneg
@TypeOneg 7 сағат бұрын
Time to end my ACH arrangements and bring my paychecks to my mailbox.
@milot2311
@milot2311 14 сағат бұрын
Thank you Belle and Team for the Update, Analysis and View Point of The trump🤡 Shows Chaotic Ideas.
@Sincebrassnorstone
@Sincebrassnorstone 4 сағат бұрын
Belle! You've talked me off a cliff AGAIN! Thank you and happy new year 🎉❤
@obi-ron
@obi-ron 9 сағат бұрын
"Secretly a supervillain"? Secretly? Really? 😅😅😅😅😅
@christelswift5461
@christelswift5461 11 сағат бұрын
“Congress doesn’t vote against their own interests, they’re not the average voter…” 😂 Nice one!
@WillowEtain
@WillowEtain 4 сағат бұрын
Merry Christmas Belle, tell Beau we miss seeing him and much love and many blessings to you and your family
@rvaldrich
@rvaldrich 5 сағат бұрын
"Congress doesn't vote against it's own interest. It's not the average voter" - well-played
@denisecorzette1676
@denisecorzette1676 14 сағат бұрын
Good evening Ms.Belle ✌🏻
@MBMCincy63
@MBMCincy63 14 сағат бұрын
👋🏻
@denisecorzette1676
@denisecorzette1676 14 сағат бұрын
@MBMCincy63 🎄👋✌️
@donaldrambo5150
@donaldrambo5150 14 сағат бұрын
Good Night, Denise. 🥱💤😴🤗☯️♾😺🐾🌎✌
@victoriajohnson-parratt6975
@victoriajohnson-parratt6975 14 сағат бұрын
Goodnight dear Denise! Sleep deep and dream sweet dreams tonight!
@denisecorzette1676
@denisecorzette1676 14 сағат бұрын
@victoriajohnson-parratt6975 Goodnight Victoria ,wishing you a peaceful and pleasant nights sleep. 🐈‍⬛✨️🌙✌️
@ProctorsGamble
@ProctorsGamble 13 сағат бұрын
My family would probably still be in the banking business if the FDIC was around in the ‘30s 💵
@MapleTreeatdawn
@MapleTreeatdawn 13 сағат бұрын
Just suggesting something like this should horrify voters.
@anathematic5083
@anathematic5083 14 сағат бұрын
the dog really did catch the car
@evankalbach9985
@evankalbach9985 11 сағат бұрын
So I remember an attempt to re-regulate banks in the 70's, 80's or 90's, something like that. As I remember it, there were a lot of negative effects and a lot of banks that went under. Mostly due to banks making a lot of bad loads they never should have. Y'all remember, the savings and loan fiasco. My dad was a Sr. VP of a good sized savings and loan who did not have problems because they did not get hyper competitive with the many in the industry. They never lost money through the whole thing because they stuck to their ethical standards and were not in it to play in the competitive arena. They were in it to keep the customers money safe and in the bank. Deregulation is a bad move for the Gov to even think about.
@oldguysrule5895
@oldguysrule5895 4 сағат бұрын
Thanks again Belle and love the hatless look
@Locrian08
@Locrian08 13 сағат бұрын
There are hyper wealthy people who are sadists. Ending the FDIC appeals to them since they don"t find $250k to be a significsnt amount of money.
@darkphoenix6807
@darkphoenix6807 13 сағат бұрын
I’m going to go ahead and switch to a credit union just in case.
@MichellePoirier-m3x
@MichellePoirier-m3x 14 сағат бұрын
Wow, I hadn't heard anything about that yet 🤔. I'm far behind on news with extra days babysitting my granddaughter ❤❤ while her preschool is closed for the Holidays. I wouldn't have time for anything but her, and I love every day I have with her. I fall asleep when she leaves, and miss all my shows; and when I wake up, I watch a few episodes and have a bite to eat...then back to bed. Lololol Have a great day Belle 😊 Thank you for the excellent work you do; I appreciate it. 💙💙👍💙💙🐎 Merry Christmas Everyone 🎄🎁🎄🎅🎄🛷🎄🦌🎄⛄🎄🎁🎄
@Soapandwater6
@Soapandwater6 12 сағат бұрын
Keeping a grandchild is exhausting at our age. Good thing I love her beyond measure, 😂.
@MichellePoirier-m3x
@MichellePoirier-m3x 12 сағат бұрын
@Soapandwater6 She doesn't live with me, but I have regular time with her; and I fill in extra days when there's no school (preschool.) Two professional parents; and you're absolutely right it's exhausting, but I treasure every moment...it goes by too fast. They grow out of Grandma's soon enough. My two older grandsons I spent a lot of time with also, but you miss them when they don't come visit much. Good luck with your grandchildren ❤️ Thank you very much 💙💙👍💙💙
@Soapandwater6
@Soapandwater6 12 сағат бұрын
@ I am the “back up” babysitter for mine, too. It is a privilege to help care for them. They are my joy! I’m sure you feel the same. ❤️
@bdell519
@bdell519 14 сағат бұрын
Thanks Belle & blessings to you & family ❤
@shoresean1237
@shoresean1237 14 сағат бұрын
First, these bro-dudes get in and ask: Why the hell do we need this stuff? Then, they find out and most of us re-learn why.
@rogersmith3759
@rogersmith3759 10 сағат бұрын
Sounds a lot like how corporate regards IT departments. Why are we paying these people? Everything is working great. After IT Staff/budgets are cut, Why are we paying these people? Nothing works.
@pickles8551
@pickles8551 5 сағат бұрын
Hope you had a wonderful Christmas Belle. Thank you for all your hard work.
@gyvren
@gyvren Сағат бұрын
Belle, thank you for using reason, logic, and facts. You and the team keep my anxiety at bay.
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