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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Eliminating the FDIC does not mean eliminating deposit insurance. That could be done through a department at Treasury. Its supervisory responsibilities could be re-allocated to one of the other bank regulators.[/quote]

The Corporation is a stand alone entity on a statutory basis. No EOs or anything like that underpinning its

Its deposit insurance function and oversight powers cannot be transferred to Treasury or another agency without changing the law. We already have a modern history of precedent - OTS having its responsibilities transferred to the Fed/FDIC/OCC by Dodd Frank Act, FSLIC went insolvent during S&L Crisis and powers transferred to FDIC by FIRREA Act of 1989.

You can’t just shunt the FDIC into the Treasury without Congress acting. [/quote]

Why would they do that? [/quote]

Because they are power hungry narcissists who can't get it through their thick skulls that anyone else has any intellect at all or any relevant experience.

They just want to FEEL THE POWER and they've spent one too many drug fueled nights thinking up this stuff that has very little relationship to the reality we live in. They are broken, broken people who don't feel empathy anymore because they think it's weak and stupid. [/quote]

Based on the left's bad behavior over the last two decades, yer GD right I have no empathy.[/quote]

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