In Reply to: Re: Trump recession full throttle, market in free fall posted by confused442 on February 27, 2025 at 16:11:55
Excerpt from an NPR article published today:
Weakening the FDIC in general appears to be a goal of Trump and Musk's Department of Government Efficiency. Musk has said on his X social network, "There are too many duplicative regulatory agencies."
Last week, Trump signed an executive order that would give him greater power over independent regulatory agencies, including the FDIC. And some of Trump's advisers have expressed interest in abolishing the FDIC, The Wall Street Journal reported in December.