In a jaw-dropping argument, the Department of Justice claims seizing $50,000 from a small business doesn’t violate property rights because money isn’t property.
Undo the orderly liquidation authority from The FDIC, so Wall Street investment banks that go tits up can manage their own bankruptcies, fuck the investors.
Eliminate the OFR that Dodd Frank created to keep tabs on said investment banks.
Defund the FDIC.
Defund the NCUA (FDIC equivalent for credit unions).
Don’t fret!
They’re going to undo all those, and make it even worse.
https://www.americanbanker.com/news/gop-floats-credit-union-taxes-repealing-fdic-orderly-liquidation-authority
Undo the orderly liquidation authority from The FDIC, so Wall Street investment banks that go tits up can manage their own bankruptcies, fuck the investors.
Eliminate the OFR that Dodd Frank created to keep tabs on said investment banks.
Defund the FDIC.
Defund the NCUA (FDIC equivalent for credit unions).
Eliminate the CFPB.
Oof! I’m currently speechless. I need to research and digest this.