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Marthe48

(20,048 posts)
Wed Jan 22, 2025, 01:02 PM Jan 22

Questions about FDIC and NCUA

I am trying to get information about how secure my savings are in my credit union. I noticed last week that someone posted that credit unions are protected by NCUA ins. and are some of the most heavily regulated institutions in the U.S. But traitor felon appointed an acting head to NCUA who was appointed to the NCUA board by traitor in 2022. The guy is a dark horse. Some of the NCUA agenda is in place until later 2025 or 2026, but I'm worried that this protection will be removed. I don't have accounts in a bank, but I hear FDIC is on the block, too. Neither can be ended without congressional action, but I'm not feeling any optimism there.

I'm also wondering how trust funds are protected. I'll be creating a trust later this year, and I so want that to be safe and available for my grandkids.

Are there any resources that would provide a timetable for pitfalls traitor's regime can create to strip ordinary people from their savings? Thank you.

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Silent Type

(8,321 posts)
1. It's possible trump will consolidate FDIC, etc., in another department/agency. But doubt seriously they will remove
Wed Jan 22, 2025, 01:17 PM
Jan 22

the protections for banks and credit unions.

Oligarchs will go broke if people hide their money under their matress.

bamagal62

(3,753 posts)
3. Currently, the cost of FDIC insurance
Wed Jan 22, 2025, 02:01 PM
Jan 22

is embedded in a bank's costs. If they privatize this insurance, my guess is WE will have to pay for it like we do healthcare. And, it will become an huge behemoth that we can't unravel years down the road. I don't know a lot about how all this works, but this is just my gut feeling. Someone is salivating at the possibility of making a bunch of money off of this.

in2herbs

(3,464 posts)
4. I understand what you are saying and agree that this could be a possible outcome of F47s reign. I just get
Wed Jan 22, 2025, 02:18 PM
Jan 22

po'd when people say that the sh** F47 is enacting can't be unraveled for years. IMO that is a defeatist mind set. Contracts F47 has gotten us into can be broken and should be broken the moment Ds have a majority. How can we move forward when this mind-set binds us contractually to the criminal actions of F47 for years after his reign is over -- or, more optimistically -- after he is dead. If socialism is necessary to protect democracy then I'm for socialism. Show me one instance where capitalism has protected democracy.

Rant off.

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