Remember that scene at the beginning of It’s a Wonderful Life, where people are all desperately trying to get into the bank because if it fails before they get in, they lose their money? That’s what the FDIC prevents.

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  • raynethackery@lemmy.world
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    10 days ago

    MAGAts talk about Trump Derangement Syndrome but “conservatives” are still trying to destroy everything FDR helped create. That’s how far the FDIC goes back. This is why they want to do away with physical cash. Can’t have a run on a bank if your electronic money just suddenly disappears.

    • CharlesDarwin@lemmy.world
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      10 days ago

      Yes, they take the very, very, very long view at destroying anything and everything that they think is costing them one red cent.

      The qons hold derangement syndrome towards a great many things going back decades…