Why targeting the FDIC would mean economic disaster

[@PenelopePitstop0078]

How on Earth do average Americans believe billionaires have their best interest at heart!?

[@olzt100]

The US is the most dumbed down nation on the planet. The last election was proof. No informed nation elects people that want to raise their cost of living.

[@alisonlambert1429]

They've been brainwashed. Plain and simple.

[@tamaramartin4015]

Excellent question. i guess people just want to believe what they want to believe.

[@AbetterDemocracy1776]

Because DUMP TOLD THEM SO 🤬🇺🇸🪱🤬🇺🇸🪱🤬🇺🇸🪱🤬🇺🇸🪱

[@Grandmaster_1776]

Why not? You idiots think the 537 elected members of the Federal Government has your best interest. For the ones that struggle with that, that’s Congress, the President and VP.

[@mirjamkohler263]

And to think Americans voted for this... when we could have had 4 years of normalcy.

[@DaveAnderson-ic6oo]

The uneducated voted for this.

[@seanmarie-jb9vz]

Yup 😢

[@lewisbosworth860]

I don't think you realize how insane that comment is.

[@cerisem7727]

Well, Americans are stupid. At least the 52 million that voted for him.

[@mirjamkohler263]

@@lewisbosworth860 I don't think you realize how insane you are. But that's just a part of being in a cult.

[@sherryobar5750]

Leave it the way it is! It's been working fine for what 90 years?

[@Irilia_neko]

It's the problem, it should not work, poor people should be more poor otherwise how you want them to accept to work for ten times less than the minimum wage 😜

[@davecastillo4164]

But it hasn't been working the way his billionaire friends want it to work.

[@hayanah7525]

For all the MAGA that are in comments: The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects bank depositors' insured deposits if their bank fails. The FDIC was established by Congress in 1933 in response to bank failures during the Great Depression. Would you prefer that Musk and Trump prevent you from accessing your bank to get your pay, SSA, or SSI money? If your answer is yes, you likely either don't receive a paycheck in this country or you're engaging in self-destructive behavior. Most of them that are bashing MSMBC are just lonely little Trolls with no credibility and cannot comprehend the topic.

[@jennifershanks453]

I found out recently that the FDIC doesn’t guarantee 100% of your deposit though. It’s kind of like bankruptcy. You get a percentage. But that’s better than nothing!

[@marlapate6034]

@@jennifershanks453depends how much you have in the bank. It does cover 100% up to $250,000 per depositor, per bank. The average person doesn’t have nearly that amount so we would be safe. The host did say that in this article, and I also just researched the topic. We need the FDIC and can only hope Trump doesn’t take that away from us, too.

[@MalcolmRose-l3b]

@@jennifershanks453 "FDIC deposit insurance covers $250,000 per depositor, per FDIC-insured bank, for each account ownership category" - that's from the FDIC. If you're fortunate enough to have more than $250K on deposit just spread it across multiple FDIC insured banks. You have a million in cash? No problem - just open 4 qualifying accounts at 4 FDIC insured banks. And joint accounts get both parties $250K in coverage, so $500K in total. It isn't "kind of like bankruptcy" - it is bankruptcy. Bankruptcy is not being able to meet your debts as they fall due - which is exactly what happens when there is a run on a bank - the bank is bankrupt. So over that $250K FDIC insured limit you're just another creditor and will, if you're lucky, get a few cents on the dollar. Spread your wealth around different FDIC insured banks and you don't have anything to worry about (except perhaps why you're sitting on a big pile of cash when you could be doing something more productive with your money).

[@jbramblett]

The FDIC ensures your bank account for up to $250,000... So if you have over that in an account just open a new account and those accounts will be covered

[@cu9721-u8t]

I vote NO CHANGES to FDIC!

[@ElCapitanDeLaNoche]

Literally grade school history teaches this lesson and why we have the FDIC. Even these 'poorly educated' MAGAts should have at least learned about this before they stopped going to school...

[@doestack7]

😂😂😂😂😂😂 they're uneducated they don't understand they'll have to FAFO

[@scurra1163]

You can blame the decades-long campaign by the GOP and Libertarians trying to push 'deregulate everything and let the free market sort it out' as economic policy. They actually think it will work instead of just ushering in a new era of robber-barons.

[@anonnimoose7987]

They wasted their education

[@kimforte6557]

Trump will take their money 💰 too

[@ld3511]

No they don't really teach that in America. So much history and knowledge must be sought out on ones' own time.

[@cyoung2345]

Dumbest idea he's had yet, take away FDIC. This dude is nuts, no real plans. He's got concepts though. 😆😆

[@chashue6032]

Oh, he has plans.... to desecrate this nation every way he can.

[@MusicAsWeMakeIt]

He's only interested in money for him and his pals.

[@america1st721]

do you believe everything you hear? if you're a liberal the answer is yes as you have no common sense, logic or independent thought. Wake up jr

[@chashue6032]

@@MusicAsWeMakeIt I don't think he has any pals. But I get the point.

[@susanplank1976]

if hes just stupid, maybe he can be stopped, but if he and his dark money buddies are out to deliberately destroy our institutions and the American people, we are in big trouble.

[@brucesteinkamp5871]

Remember the recession of 2008. Caused by banks overextending their leverage because they weren't regulated. They got greedy and the housing market collapsed leaving them holding the bag. Taxpayers bailed them out while I lost over half of my retirement.

[@randominternetuser2888]

Actually that was 2007. Obama and McCain both had to go back to their senate seats to vote on another "bail out" kinda like when GHW.Bush did the S&L bailouts 🤔 when savings & loan companies were giving out loans without any backed $ 🤷 At the time Neil Bush was CEO of an S&L 🙄 but republicans don't care. They love David Duke policies too much 🤷

[@eliflynn7282]

If they have it their way everyone will lose everything they've worked for. They'll cut ss, Medicare, welfare, and privatize the entire thing. Then they'll rename ss and just make it a new "tax" that we don't ever get back. Because they already call ss a benifit and a handout to our faces when we all pay into it our entire lives. What's really fkd is that when you do start collecting ss they tax it again!! After taxing it to begin with.. tax tax tax!!!

[@That.Lady.withtheYarn]

I was in that first wave of job and apartment loss that very January 08

[@Chrislunarlight]

Republicans want the other half now.

[@GR-ji9fw]

Thank you, Mr. Velshi - thank you for teaching the truth, and in such a easily understood way.

[@annemoore4461]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[@DhaliaKaimkhani]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@ohmakure4716]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@DaraangelyHarvie]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@GobinderLuymes]

Please stop gentrifying countries

[@GobinderLuymes]

How can i reach Stephanie if you don't mind me asking? Heard she’s an IA.

[@daversj]

Without FDIC insurance and oversight, Banks could operate risky practices, operate with lower reserves and steal depositors money then just go bankrupt. Depositors would be left with nothing. Such a great idea for fraudsters, not so much for depositors.

[@DavidMadruga62]

He’s telling us right now to expect a new depression

[@JodoKast1221]

He might not want a depression but if he causes a temporary crash he and his buddies can buy the dip before he reverses policy to bring everything up again.

[@seanmarie-jb9vz]

Greed is poison. Love your neighbor

[@chashue6032]

Ignorance is poison. Be wary of your Trump supporting neighbor.

[@ld3511]

@@chashue6032 I'm a blue dot in central Texas and another customer helped me back up, we chatted. Then I saw her bumper stick Biden likes children. It made me hate tRump more for what he did to Americans and America.

[@vikingspud]

Merry Christmas!

[@chashue6032]

@@vikingspud And a perilous New Year

[@spidalack]

So according to Trump, insurance is not good enough for banks, but it's fine for your healthcare. Let that sink in.

[@Linda_Almighty]

Succinct! 👌🔥

[@relaxlibrary4249]

And this is precisely why a government should not be run like a business.

[@ld3511]

@@relaxlibrary4249 💯

[@rossbaker9721]

If the government did this in Australia I would pull all my money out tomorrow.

[@DaveAnderson-ic6oo]

Truth. Pulled my money out already. They want us to invest in Crypto and Elon’s overvalued stock.

[@rossbaker9721]

@ dude you should read crypto confidential by Nathaniel Eliason. The whole crypto world is a giant Ponzi scheme. The book is wild! We have laws that prevent us pulling out over $5000 at any time here in Australia. Makes me super nervous but would prevent a bank run. And our deposits are guaranteed by the Aus government by up to $250,000 but if they did away with that we would all pull all we could and make them all insolvent.

[@huddleston1878]

​@@DaveAnderson-ic6oolike orange and moved billions of his LieSocial stock into a Revocable Trust ?? (When he said he wouldn't)

[@JMcMac4t]

I still remember many elderly cashing their checks in person, and literally putting the cash under the mattress… in the 70’s, and 80’s…

[@pedalingprospector2007]

Let's see, how many bankruptcies has Trump been involved in? I've lost count.

[@leonblack2651]

6. I believe gm and delta had more.

[@DuaneHallinSD]

@@leonblack2651 Sounds like youre close to an economic collapse there in russia now that the ruble is worth less than a US penny. How do you live on that?

[@leonblack2651]

@DuaneHallinSD free housing, free medical care, low cost of living. Why do Americans whine about not being able to afford a home or healthcare? There are no homeless here in Russia.

[@rt-420]

At least 6 to 8. A real economic anti genius he is.

[@leonblack2651]

@rt-420 good thing Musk is the president. He's never had a bankruptcy. You may stop whining about it now.

[@lindahenry6168]

A rich person who doesn't want to look out for other people's money. It's just that simple.

[@micheleconner5083]

He'd be crying the loudest if the bank that has his money closed and there was no fdic to get it back!!

[@stephenhall5694]

Looks like the mattress and mason jar are back in style

[@NobodyBuddy-f5m]

I know that's right! Offshore or however it needs to get done

[@ld3511]

Hmm seems citizens only need that when fascism comes to town.

[@yrp237]

Going backwards won't help, get bitcoin. It's a bearer asset you control.

[@kendahorn281]

My grandfather would rap money in tin foil and put it in the deep freezer. Wrote on the foil "meat" ....puts a whole new meaning to "cold hard cash" 😂

[@Air234evaa]

Thanks to Franklin D. Roosevelt, for your visionary leadership as a Democrat during one of America’s darkest times. Your New Deal reforms, including the creation of the FDIC, not only stabilized the banking system but also restored confidence in the economy and protected countless families. Your legacy reminds us of the power of bold, compassionate leadership in times of crisis…. Trump wouldn’t know nothing about this and would let everything crumble

[@rt-420]

Like I said before, enjoy this year because Heaven knows what we’ll be going through next year. 🤨

[@ld3511]

Or even more sickening the year after, the next year after.....😡👿☠

[@26skogen]

You think we (Trump) would have learned from the 08 crash!! People better hang on to their hats.

[@BOOMBiggityBam]

Trump did learn. I'm sure when the 08 crash happened, he went in and swooped up all those low cost stocks. He wants to do it again.

[@MusicAsWeMakeIt]

He made money during the crash. Only nonwealthy were hurt during 2008.

[@ld3511]

@@MusicAsWeMakeIt As almost always. But even the rich ceos paid during the Great Depression. Hate and greed are the most destructive policies.

[@barrydavey7188]

@@MusicAsWeMakeIt That's why republicans have a recession during every one of their administrations, they're paying back their rich donors...

[@saneasthenextguy196]

Trump: " I checked with Putin, he said it would actually be good for our economy, of course I believe him".

[@DaveAnderson-ic6oo]

Trump bows to Putin and Elonia.

[@Kelbel30]

And President Musk may make me do it. He is a tough boss!

[@ld3511]

And putin needs to set up a deal to get more classified documents for all his hard work.

[@christopherdean2893]

The robbers don't want to have any protection for you.

[@CaliLady323]

EXACTLY 😮🤬🤬

[@todglenn2707]

What we need to end is bank bailouts. Protect account holders and let banks fail. End government (public) bailouts for private companies.

[@weredoomed113]

That's literally how Buch started the 2008 crisis. What you wanna do is keep banks liquid and instead for once begin to put white collar criminals in jail.

[@ViniciusSC10]

No FDIC, less regulations on banks and tariffs. Trump, the year of 1929 is calling and wants these ideas back.

[@lawyer1165]

The FDIC has been useful over the years, but shouldn’t have been abused as it was in the case of Silicon Valley Bank. Oh, I forgot. A lot of wealthy political donors kept money at SVB.

[@glendaeades6003]

Anyone that’s read history will know this. But, I’m sure, little maggots and Maggie’s skipped class!

[@josephsonora3787]

"Waaa! Waaa! Waaa!..." 😂

[@elaineisabelle427]

I don't think they even went to school, if they had, we wouldn't have the likes of Trump

[@brettfavrewelfarequeen9886]

As Trump once said, " I love the poorly educated". They took it as a compliment.

[@zebimicion9739]

go watch your soap operas, grandma.

[@josephsonora3787]

ElainIsabell, WE'RE SMARTER THAN U & MOR C0URAGES. HAS A C0WARD LIKE U EVER HEAR 0F THE G.I. BILL?

[@HmmmReally]

Won’t be leaving my money in the bank so it can “disappear”. This regime is insane.

[@eliflynn7282]

Money isn't going to mean crap if they tank the currency all together. The demise of the united states would only be other countries ditching the dollar.. that's all it would take.

[@robertl9065]

Great idea. Get rid of the only safety net created after the Great Depression to keep people from running on the banks during a crisis.

[@TrumpsKleptocracy2025]

I predict many CEOs of banks would see the same demise as United Healthcare CEO if Americans lose their $$$.

[@NobodyBuddy-f5m]

Hopefully they paid attention

[@weredoomed113]

I predict they will just be spending a few million $s of the billion $s they will be stealing during the Trump anarchy, on private security and mansion in the caymans.

[@eliflynn7282]

Bank owners don't give a crap!! They'll get another bail out.

[@HansBonnar]

Oh I doubt it will stop with the bank's ceo's if this happens. It's going to be much more systemic than that.

[@my1vice]

Anything to crash the system and start more years of Quantitative Easing.

[@MrMetro-mt5qv]

Old Scrooge(Elon Musk) and Tiny Tim(Donald Trump) are at it again.

[@barrydavey7188]

President Musk and First Lady Trump...

[@thomasdarrigo]

Let him do all these nutty ideas and then he'll just get impeached

[@attackofthewindmills]

Thanks for the report. Its a wonderful life! The bank run is a very dangerous thing. This will set up a collapse of the economy if planned with other things. I dont think any person should agree with Vivek and Elon says, Why not make it more "efficient"?

[@cyclenut]

In 2008 i made a online purchase. Then the company server was hacked. Everyone who made a purchase from that company had their bank act emptied. The bank work with me to point out all the stolen withdrawals. In a few hours the FDIC replaced evey cent. The FDIC is very important to everyone of us.

[@D2J8]

Velshi’s next segment should be on how Americans can lawfully move their money off shore like the billionaires do…

[@vikingspud]

If you have an HSBC Premier account, you can move your money between global branches with a few clicks of the mouse. (You just have to have $75k to apply).

[@michaelbayer5094]

Mr. Velshi is a fantastic journalist. Some advice to his employer: let him cover whatever he wants. The public will be well served and it will improve your cred.

[@kar-r5i4f]

Knowing Trump BS, I have already moved my money off shore,

[@DaveAnderson-ic6oo]

Smart move.

[@MariaMartinez-researcher]

Question is, will the American dollar keep its value? Time to change it for Euros or another currency?

[@geofo60]

The UK pound is a safer bet than the Euro.

[@vikingspud]

I've been living "off shore" for 27 years now. My biggest assets (property) may still be stateside, but my money is largely scattered. Feeling smart about that now.

[@tampaterry1245]

It is well known that DJT is paying taxes to China for this accounts there

[@tysonb1486]

He bankrupts all his businesses so why not the country.

[@iloveplayingpr]

I want the Trump voters to experience the repercussions, the problem is the ones who didn't vote for him will also feel it.

[@rondas7772]

Right

[@MichaelMoore-rc7ch]

Trump has no reason to do what's best for the citizens of this country because putin doesn't want that.

[@johnm8657]

Grifters are going to grift. Kleptocracy out in broad daylight. Moscow Agents Grift Again.

[@26skogen]

Maybe report on "bank holiday's" and the banks that were allowed to reopen, and what happened to the rest of the banks.

[@Mrsplanetmaster9]

Velshi👍🏼

[@johnbrown4949]

So we have basically traded American exceptionalism for an Israeli empire??

[@charlie5204]

My question on that would be "Why they want to get rid of FDIC"? What's the reason? Would there be a benefit for the wealthiest people if it no longer exist?

[@rmo9808]

They can park their money anywhere safe and sound

[@PorthorianTv]

I will also say, many billionaires use their stock/assets and get issued a credit. I am sure there are limits banks can't give to billionaires because it would exceed their safety requirements

[@tedbeach4766]

I’ve been planning on pulling my money out of the bank before inauguration day.

[@zelbarnap]

WTH? how is it that thought is even valid as sane? removing the FDIC?!? My morale is tanking again. . . omg 4 years :( can we survive this?!

[@eliflynn7282]

No...if anything he said he had planned goes through. No...we're all going to suffer unimaginable hardships. The elderly, sick, starving, and poor will perish or be locked away. They will take away everything you've worked for and make you work until you're dead.

[@sandgroper1970]

But these financial institutions pay a fee , to get the insurance coverage, but that is a cost on the bank business that doesn’t actually make them money. So billionaires who are now making calls on their Republican representatives to eliminate anything that costs them money, and doesn’t benefit them. So removing Social Security, Medicare, Medicaid, the VA, and FDIC, environmental regulations and occupation health / safety regulations. Oh and the big one removing corporate taxes and taxes on the 1% club . Because this will lead to wealth creation.

[@dnaylor2484]

so what is actually the end goal here.. with protection gone you will get a wild west banking sector with people opening banks, taking peoples money then doing a runner??

[@eliflynn7282]

Yes!! That's exactly what they'll do!

[@DocK36]

If not for the FDIC, during the subprime meltdown, a lot of people would've lost their life saving when Indymac, Washington Mutual, Countrywide failed.

[@d-not_telling]

No problem. Deposit in European banks where money is insured and just let the US go bust.

[@getonwithit.2847]

Tell me you live in a gated community without telling me you live in a gated community ? Bro do you think the average got that ability to just go do that ?

[@d-not_telling]

@ Couldn’t be further from the truth. But my geopolitical awareness reaches further than the US borders. You could also invest in move savings to Canada where your deposits are equally insured.

[@josemart6812]

Lets make America broke again 😂😂😂😂😂😂😂😂🤣

[@XYZpro7846]

The only reason Trump would want to change this is if he is expecting banks to fail, but he has other plans for the federal funding for this program.

[@alisonlambert1429]

You mean like he wanted Obama Care to fail because he had other plans? HA!

[@That.Lady.withtheYarn]

He deregulated them, setting them up to fail. All his actions was a set up. He knew Biden wouldn’t be able to do much to pull us far out of the early 2020 recession because his reds would block entering they could. Now we’re really in trouble when he gets in

[@generator6946]

😂None of this matters!😂Donnie the financial genius is here!😂

[@randominternetuser2888]

If he's such a jeanus, how did he bankrupt 2 casinos, a charity, and an online "university" 🤔 while he couldn't sell vodka, steaks, and water with his name on them 🤷

[@2024.choice]

People should stop buying Tesla's and cause Tesla stocks to crash and tell Elon musk we know this is going to cause hardship for you but we find buying a Tesla is a family waste of money

[@matthoaglund2757]

I'm terrified, and it hasn't even begun yet

[@doricetimko5403]

Oh yes it has. You’re not alone

[@marlenemyers5065]

The FDIC cannot be done away with. We can’t go there

[@vikingspud]

Economies rely on two things more than anything other: stability and confidence. Many countries have very flawed systems but their economies continue on just fine, because people and institutions see stability and have confidence in investing. Taking away the FDIC could shake the US economy in ways that the billionaires don't realize.

[@bigdaddy111058]

Picture this: It's 1983. I'm working at a huge national savings & loan. Doors burst open. FBI bursts in. They scream for people to put their hands on desks. Managers etc are taken away in handcuffs. FBI counts EVERYTHING-from paper clips to pens. Fun times

[@johnpackwood3591]

Doesn’t it only costs the government money if a bank fails? How could doing away with the FDIC save money, unless you are planning on doing something that would cause them to need to pay out?

[@MrGriff305-d3u]

He's just pure chaos for max attention on himself.. Hopefully he doesn't finish destroying the nation

[@ronwatson4135]

" Finish Destroying " ? Finally someone on the Left who will admit Biden was well on his way to destroying the United States.

[@Alabamaliberal]

When Biden called Trump "Hoover," I don't think Trump realized it wasn't a compliment

[@richpomanFU]

550+ Banks closed in the past four years as well as an epic bank run on silicon valley bank.. There is alot of BS in the banking industry.

[@tcandrews8430]

Yrump wants The Great Depression 2.0

[@jeffreyjackson5229]

For anyone to even consider such should tell you something about where we are headed. Something is coming and they are putting people in a situation such that they will have to conform to it to survive. It's clear to me at least.

[@CatherineCarr-s4f]

It's a Wonderful Life is my favorite all tome movie. We all need to stick together and not allow DOGE and Elon Musk to dismantle the safety net we all know and count on.

[@DeeBrow]

Bank failure and loss through theft.

[@JustaGardener-e3j]

This discussion isn't complete without reference to the fact that the FDIC has 1 cent for every dollar "insured," so it can't cover a major banking catastrophe; and "bail-ins" are legal now, where depositors get only shares of a failing bank in place of their deposit money. Instead of being emotional about the FDIC and Trump, look into the facts and then form an opinion.

[@robertl9065]

Please quit making crap up.

[@jeb1273]

This is insane.

[@pancakeface5717]

My bet is they're going to shift the cost of deposit insurance to the depositors. You can get it, but only if you pay for it, not the bankers. But don't think for a moment your interest earnings on your deposits will go up as the bank's expenses go down. It's just another transfer of wealth from the have nots to the haves.

[@SofanorKandy]

Thanks for the breakdown! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@bjh1284]

There are plenty of other places to keep money. Places that actually have yields greater than 0.01%.

[@johnsnodgrass6769]

What is the matter with one person becoming a trillionaire. Just think how financially secure he could feel. A trillion dollars distributed to ordinary citizens would just be wasted on food, clothing, housing and healthcare.

[@Palidor19]

If he shuts down the FDIC, I’ll probably withdraw with 90% of my cash and hide it under the sheets.

[@brunobembi5276]

Trump just comes up with one horrible idea after another!!

[@davideverett5214]

Chaos coming to your Hometown, January 20!

[@wtfdoino605]

Regressive monetary policy has got to stop. Borrowing the term regressive from tax policy, but lets be real, inflation is just corporate levied tax on the individual.

[@Hmongboi228]

Up next: "dUmpf announces that he will be re-inventing the wheel!" dUmpf: "It's going to be the greatest wheel ever. More so, better than before. People from all over the world will be buying our wheels.."

[@coltscards1338]

So then going after the FDIC is a good idea got it thanks

[@LeonardBreau]

Too bad this issue will never be discussed on Fox, the Trumpers really need to be aware of this before Trump decides to implement this!

[@BrettHoTep]

What could go wrong???

[@avalynnewilby8150]

You have to be concerned how long the US economy will take to recover from the next 4 years.

[@kendahorn281]

My grandfather would rap money in tin foil and put in the deep freezer. He would write on the foil "meat" ....puts a whole new meaning to "cold hard cash"😂

[@davidhaught-rn1wg]

Among Trump’s stupid ideas, this one is close to the most stupid.

[@tropicalblum]

@1:50 , bad ideas are what Rump wants

[@BasicInvest-j9x]

That because I keep my money in rental (tourism only) real estate. Use to keep only around 20k€ in cash, other than that only investments (some with motgages). Eaven stocks I dont trust (just numbers on the screen). You can see every day how some individual have scammed out of they ,,life savings". TRUST NO ONE!!!

[@andrews6617]

🎉. I know a great place where Elon can try out DOGE: Mars 1 way ticket. 😮

[@ronwatson4135]

Where's Joe Biden ? Asleep as usual ?

[@Shannon-gr7rm]

Biden doesn't owe this country 💩.

[@bjh1284]

Anything Biden does now can be quickly reversed by Trump

[@theblackphantomhd]

If this happened most of my money would be in stocks and index funds, or a credit union. Cause im not dealing with Banks or putting money in my mattress in case the house burns down.

[@tootsmidge]

Trump has proven himself over and over so that we would be fools to not elect him for a third and forth term.

[@Riobairdocronin]

at least musk is in charge now ...things should get better

[@marshallmintz7564]

The problem for billionaires is the FDIC is related to the regulation of banks and the movement of money.......say from Russia to Musk and from Musk to Russia just for examples.

[@AdamYoudell]

When ya finally accept him and his people are working for Putin to bring this country to it's knees, everything they do makes perfect sense

[@twotwentyfour]

Do the Bankhead Bounce baby!

[@ronwatson4135]

The FDIC like all government programs have become bloated through the decades to the point every 6 people out of 10 are working from home and never see the offices they're assigned to.

[@julienrockingham-ip4co]

Rich people problems

[@rodmoises9581]

Why? So anyone can steal account holders money. Targetting FDIC?! Huh?! Wonder who he's making it easier for

[@jennifershanks453]

Well, yeah! I’d take my money out.

[@Al-hf3iz]

Bunch of dips(=# republicans.