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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is the FDIC even considering a RIf when the salaries don’t even come from taxpayer money? Firing them doesn’t affect the budget bottom line at all. Their salaries come from the banks they serve. None of this makes sense unless the agency is just trying to kiss ass with the powers that be.[/quote]

The only possible logic is the desire of swindlers to destroy regulators who limit their ability to swindle.[/quote]

Just look at CFPB for an example of this. It does not receive any appropriations. It is a tiny agency. It returns billions (literally!) directly to consumers who have been scammed and defrauded. They are attempting to destroy it— not streamline or downsize. Destroy. The plan, before the lawsuit, was to fire 100% of staff and “delete” the entire agency.

This administration cannot articulate a reason for these actions because the reason is this: CFPB was far, far too effective at financial regulation and consumer protection, and that was very annoying to large banks and tech companies, which are starting to get heavily into the digital payments space. And Elon is starting a payment platform on X.

So there’s your reason. Just apply similar principles to it most targeted agencies, and you’ll see the same story. [/quote]

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