During the 2024 presidential race, Donald Trump repeatedly claimed that the U.S. economy was terrible under then-President Joe Biden and then-Vice President Kamala Harris. But according to U.S. Bureau of Labor Statistics (BLS) figures, unemployment stayed under 4.0 percent from February 2022 through...
Most people have no idea what FDIC is. They have confidence in banks because “that’s where you put money”. They have no concept of what their personal bank failing would mean.
If Musk said he was shutting down the FDIC, the vast majority of people wouldn’t care until after their bank failed. By then it would be too late.
Most people have no idea what FDIC is. They have confidence in banks because “that’s where you put money”. They have no concept of what their personal bank failing would mean.
If Musk said he was shutting down the FDIC, the vast majority of people wouldn’t care until after their bank failed. By then it would be too late.