Trump Aides Eye Major Banking Deregulation, Targeting FDIC
TL;DR Summary
Advisers to President-elect Donald Trump are reportedly considering the dissolution of the Federal Deposit Insurance Corp (FDIC) as part of a broader banking deregulation effort. This move, which would require Congressional approval, is part of discussions to consolidate or eliminate banking regulators, potentially placing deposit insurance under the Treasury Department. The idea has faced skepticism, with former FDIC chair Sheila Bair doubting support from lawmakers or the banking industry. The discussions also involve input from Tesla CEO Elon Musk and former GOP candidate Vivek Ramaswamy.
- Trump aides mull abolishing FDIC as part of dramatic banking deregulation spree: report New York Post
- Exclusive | Trump Advisers Seek to Shrink or Eliminate Bank Regulators The Wall Street Journal
- Trump-linked officials consider targeting banking regulators and polio vaccine, reports say – US politics live The Guardian US
- Trump’s team has reportedly asked about closing a bank regulator - and it could put savings at risk The Independent
- Trump advisers seek to shrink or eliminate bank regulators, WSJ reports Reuters
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