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US government agency argues that money isn't property–so it can take yours (reason.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 week ago* (last edited 1 week ago) (1 children)

These changes were implemented around the "Global Financial Crisis"

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.

[–] [email protected] 2 points 1 week ago

Oof! I'm currently speechless. I need to research and digest this.