The incoming Trump administration has reportedly started looking into ways to drastically shrink, consolidate or even eliminate the top bank regulators in Washington. This is not smart economics. The FDIC – the Federal Deposit Insurance Company – was created in 1934 during the Great Depression after thousands of banks began to fail. Those who didn’t lose their money right away, panicked and withdrew their deposits – causing what’s known as a ‘bank run’ (famously depicted in Capra’s ‘It’s
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
