Ali Velshi on Nostr: The FDIC was created to stop the “bank runs” in 1934, and by the end of that ...

The FDIC was created to stop the “bank runs” in 1934, and by the end of that year, only 9 banks had failed compared to 9,000+ in the previous 4.
The incoming Trump admin is reportedly looking into ways to shrink, consolidate or even eliminate the agency. Here’s why that’s bad economic news:
#Velshi
https://www.msnbc.com/ali-velshi/watch/why-targeting-the-fdic-would-mean-economic-disaster-227701317575