Summary
Trump’s team is considering abolishing key banking regulators, including the FDIC and OCC, with plans to consolidate their functions under the Treasury Department.
Critics warn this could undermine public trust in banking, weaken deposit insurance protections, and risk another financial crisis.
The FDIC, established during the Great Depression, played a crucial role in managing the 2023 banking crisis.
Trump allies, backed by financial industry donors, are also targeting other consumer protections, reflecting sweeping deregulatory ambitions tied to Project 2025’s proposals.
Experts fear these moves could destabilize the economy.
Wasn’t lack of regulation what caused the 2008 recession?
I think you misspelled “Poor people trying to live above their divinely ordained station!”
Yes but American voters don’t give a shit.
They found a way to blame it all on the poorz. Oh, and POC.
And supply-side-God willing, we can get back to there.
Can’t you just smell the freedumb?
The Gospel of Supply Side jesus
In case you didn’t know, this has been animated/narrated, too:
https://www.youtube.com/watch?v=X8xU-gKK17A
I had no idea and thanks for this! :)
Look, some of us are going to make the sacrifice to supply-side-God. We gotta do everything to help the rich get richer. Cause fuck us plebs.
Of what I’ve read, regulation in the direction opposite from sane too.
Yes