Background:
- Trump’s second term could mean the downfall of the FDIC, CFPB: Here’s what that means for consumers | CNBC
- Senator warns of national security risks after Elon Musk's DOGE granted 'full access' to sensitive Treasury systems | TechCrunch
What prompted this is I logged into my bank this morning to send some bill payments, and the FDIC banner at the top caught my attention. At first it made me laugh because of recent events, but that laugh turned into kind of a nervous chuckle:
I was like "Surely this administration won't fuck with the FDIC" but then read through the articles above, and now I'm not so confident.
Currently, I use a small, local bank. I've never really worried about it because of FDIC protections, but should I move my money out of it to a larger bank? Withdraw it all and stuff it in my mattress?
I'm not freaking out, but I am concerned about this for the first time in my life.
The rational part of me says that if it gets to that point, my money would probably be worthless anyway except for burning it to keep warm.
I don't even want to link to it directly in case links to that sub are being tracked so here's an indirect example that may help explain why so many Democrats are currently going along with the plan to dismantle our society so extremely quickly into the new administration - bc their very families are receiving death threats.
And with what looks to me like the White House shown in the background, the new administration explains how not voting for Trump and supporting things like "Meals on Wheels" makes even centrists and not-right-enough rightists (rinos?) into "extreme leftists" (here).
I don't think "stability" is going to be something that we can count on in the future. Sorry if I'm not helping here - emotionally I am not okay this week, and yes you are asking good questions to try to cope and thereby help others as well as yourself through the next steps.