#fdic

https://www.europesays.com/2025671/ US Federal Reserve Announces Withdrawal of Guidance for Banks Concerning Crypto Activities #crypto #CryptoBanking #cryptocurrency #FDIC #FederalDepositInsuranceCorporation #FederalReserve #News #occ #OfficeOfTheComptrollerOfTheCurrency

Why weakening U.S. bank regulators could repeat the mistakes of the 2008 financial crisis

“These concerns have intensified amid reports that the Department of Government Efficiency ( #DOGE), headed by Tesla founder Elon #Musk, has set its sights on the Federal Deposit Insurance Corporation ( #FDIC) — the U.S. agency responsible for protecting deposits and administering bank insolvencies.”

#trump

https://theconversation.com/why-weakening-u-s-bank-regulators-could-repeat-the-mistakes-of-the-2008-financial-crisis-254365

The Federal Deposit Insurance Corporation #FDIC is an independent agency created by the #Congress to maintain #stability and public confidence in the nation's #financial system. We have no more independent agencies. #DOGE invaded the #FDIC today and will be applying their atrocious #AI to plunder one of the last remaining secure #bank data and #statistics repositories. “The FDIC is a prudential #regulator, meaning for some banks it is the primary regulator enforcing all the capital requirements"

@KimPerales anyone have any sense if this #fdic madness is impacting credit unions and the #NCUA ? Could credit unions be a relatively safe harbor from the banking crisis? Or are credit union deposits just as vulnerable?

I remain much against buying things in the US. I am NOT going on a pre #tariff spending spree. If anything we did a little of that before Biden left (got a fridge that was badly needed) and stocked up on some canned goods. But we are stopping that now! Time to bow out of this economy as much as can. If you have any savings, maybe buy some land so that they can't steal your money. Remember, Trump has threatened to end the #FDIC and you can probably imagine why! #trumpdepression #trumprecession

Banking Collapse: #FDIC: dismantling -underway:

Collapse of inst safeguards -procedural. Weakening of #FDIC oversight +mvt toward prv dig assets affect lg banks/crypto +YOU.

Your Savings:Dereg -quietly transferring risk back onto depositors.

Access: Centralizing control under: TSY: fewers & bals. Decisions re your-less transparent -more pol.

FIN options: Rapid dig/prv-mkt...

Consumer protections: Recent leg dismantling restrictions...

HOU instability...

#USPol https://criticalresistance.substack.com/p/banking-collapse-update-the-fdic

https://www.europesays.com/1958134/ FDIC drops pre-approval for banks’ crypto activities #crypto #cryptocurrency #FDIC #RegulationAndCompliance #Regulation/Compliance #TrumpAdministration

https://www.europesays.com/1953072/ FDIC Axes Previous Rule, Gives Green Light to Banks To Conduct ‘Crypto-Related Activities’ Without Prior Approval #banks #crypto #cryptocurrency #FDIC #FederalDepositInsuranceCorporation #News

Dismantling the #FDIC is on the Trump admin's agenda.

That means if you're in the U.S. and your bank fucks up, your money is gone!!!

#Banking #PersonalFinances #USBanking

@bodhipaksa

It could be an inside job. The bankers invited the robber in. "we was robbed!".

#FDIC

https://www.europesays.com/1900311/ Banks In Crypto: The OCC’s Quiet Game-Changer ##banking #banks #bitcoin #comptroller #crypto #cryptocurrency #FDIC #occ

Trump is firing federal workers who are not funded by taxpayers
https://archive.is/Sg9Td#selection-1099.0-1099.63

"Elon Musk's #DOGE team has slashed hundreds of #jobs paid for by fees from banks, medical device companies and other forms of funding rather than taxpayer dollars, raising the question of whether the cuts will render hoped for savings...

"The #FDIC is funded through fees paid by banks, so cutting the FDIC's expenses does nothing to reduce the federal budget""

#Musk #Trump #Coup #Politics #News #USA #US

In response to a request from Sen Warren, the FDIC will review Trump’s move to lay off more workers there.

Backed by the Trump admin, Musk's #DOGE reduced the FDIC staff by ~1,000 employees so far this year thru buyout offers & the layoffs of PROB employees.

The FDIC is already severely understaffed, which “threatens the stability of the banking system.”
-Sen Warren

The #FDIC IG likely placated her. The banking system is at risk under #TrumpMusk.

#USPol #CaveatEmptor https://www.cnbc.com/2025/02/20/elizabeth-warren-doge-purge-at-fdic-threaten-nations-banking-system.html

From @jeremy_kress on :

The #FDIC is funded by fees paid by banks.

Firing FDIC bank examiners saves zero taxpayer dollars and puts the whole #economy at risk.
____
https://news.bloomberglaw.com/banking-law/fdic-fires-probationary-employees-amid-continued-agency-cull

#Banking #TrumpPurge #MuskPurge #DOGE

Question for #banking/ #security experts:
I am hearing people talk about removing their $ from banks and keeping cash at home, with the concern that musk’s DOPE team might be able to access or sell direct deposit info, acct #s, etc. (For ex., see BlueSky post from Marisa Kabas below). FOTUS has also shuttered the #CFPB and is threatening #FDIC.

Qs: Could musk actually be able to access/mess with people’s #bank accounts? Is $ still safe in banks? Should we be withdrawing & keeping cash at home?

They're talking about removing the FDIC, just let that sink in. Panics, bank runs, collapse.

This is what they want. When they talk about "pain" they aren't talking about their own...

https://news.bloomberglaw.com/tax-insights-and-commentary/musks-treasury-incursion-puts-entire-financial-system-at-risk

#USPol #Musk #FDIC

Look back to December 2024, Trump announces plans to replace FDIC with Treasury function. This sets up Elon to be the guarantor for everyone's bank account.
#Musk #Coup #Banking #FDIC #Treasury
https://www.wsj.com/finance/regulation/trump-advisers-bank-regulations-fdic-efa761dc

@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

#SBNY #SI #SignatureBank #Crypto #OperationChokepoint #OperationChokepoint2

Trump2 DOGE Team Asking Potential Appointees If They Can Abolish FDIC
https://truthout.org/articles/trumps-doge-team-is-asking-potential-appointees-if-they-can-abolish-the-fdic

“Trump is going to create the conditions for another depression,” one critic of the move said

Federal Deposit Insurance Corporation
https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation

#USpol #Trump2 #GOP #fascism #authotarianism #FDIC
#Musk #Trumpism #DOGE #Ramaswamy
#capitalism #billionaires #libertarianism #plutocracy #meritocracy #oligarchy
#WealthTax
#Christofascism #transgenocide #transphobia

Trump Prepares to Wreck Economy With Alarming Bank Regulator Plan https://www.byteseu.com/561406/ #DepositInsurance #DonaldTrump #economy #FDIC #SheilaBair #TheWallStreetJournal #TreasuryDepartment