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‘The next recession starts here’: Trump team weighs abolishing bank regulators
(www.commondreams.org)
2029 looking a lot like 1929.
this post was submitted on 13 Dec 2024
439 points (98.2% liked)
politics
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Just where the fuck will people do their banking without FDIC?
I saw that asshat Andreesen lying his fucking ass off on Rogan about how the poor little tweedums on the right were being "debanked" because of "free speech", but not anyone else.
Meanwhile, what the hell would you call something like this?
The right has people within it that are just so insane that I really do think some would withdrawal their money from the bank, and set all their own cash on fire if they thought it would pwn teh libz.
A MAGAt would eat his own shit if he knew a WoKe LibRuL would have to smell it
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I would just avoid ALL US banks. Canada has CDIC and our future Trumpian PM hasn't been paid yet to kill it.
US stores don't care where the money comes from so that could be an option.
Offshore banking: no longer just for the rich!
Canada and the US share a couple shores, so it’s ok
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Places like cash app and venmo... where you can have predation turned up to 11.
Exactly. Maybe that's the cui bono here - some asshole in donvict's circle stands to gain a lot of money. I hate the overuse of those apps, by the way. People always telling me to venmo them. I often try to just hand them cash. I hate having some middle man take 3% just to move some bits; absurd.
Uhh, you can use Venmo without losing money. It only costs extra if you use the instant withdrawal functionality. Just wait the 2-3 days to get your money.
That said, I'd rather get cash as well. I don't like Venmo but sometimes it's the much easier way. Such as when people live in other states.
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Credit unions use the NCUA instead of FDIC. So if they don't go after that as well there are still some options.
We should start this rumor. It'll totally own me. I'll be so subservient if they burn all their money. 😉
Destabilize?
No, this is far worse. Big banks will just take your money. Credit Unions? I have no fucking idea.
I also can't just walk into my bank and pull out $10k without raising all sorts of questions and concerns.
Jesus fuck.
When gambling on the failure of stocks is allowed you get stupid people trying to tear the whole thing down over a quick buck smh.
You should be able to pull out $10k fairly easily. When you go to spend $10k in cash, that's where you'll get a ton of resistance.
So keep bank receipts for large cash withdrawals.
Jesus fucking Christ on a stick CAN WE HAVE AT LEAST ONE YEAR WHERE THERE ISN'T SOME MAJOR FIXKING BULLSHIT. 😡
And of course, his pick for secretary of the treasury who would oversee all regulations of the stock market is a hedge fund billionaire 🤦🤬
Looks like a bank run is back on the menu, bois!
Might as well take a gamble and put all my money in bitcoin if it’s not FDIC insured
Now that is the steal of the century if he pulls it off.
Everyone ready for 1+ trillion to go missing?
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Where do the millionaires on Trump's cabinet store their money? Because I know those greedy assholes dont want to loose their own bucks.
Everybody got a mattress?
I also hear coin hoards were once popular.
Of course, you could just invest in cheese.
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Can someone please tell me which country has US-style nonprofit banks (credit unions) where I can store hundreds of thousands of dollars without monthly fees?
Unless Republicans choose to abolish the filibuster, they can't do it. Takes 60 votes in the Senate.
Democrats can be lobbied.
I don't think even the most annoyingly fake- progressive Democrat is gonna vote to abolish the FDIC. I'm not even convinced that every republican would do so.
This is what people want. Nice high unemployment so labor costs for fast food and services are rock bottom.
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