Summary
Trump’s team is considering abolishing key banking regulators, including the FDIC and OCC, with plans to consolidate their functions under the Treasury Department.
Critics warn this could undermine public trust in banking, weaken deposit insurance protections, and risk another financial crisis.
The FDIC, established during the Great Depression, played a crucial role in managing the 2023 banking crisis.
Trump allies, backed by financial industry donors, are also targeting other consumer protections, reflecting sweeping deregulatory ambitions tied to Project 2025’s proposals.
Experts fear these moves could destabilize the economy.
Ah, thanks for explaining more. I’m just so used to things like consumer electronics and cars depreciating in value (with rare exceptions) nearly immediately. In some cases, I hang onto things for a long time and it’s almost like I cannot even give them away if it’s been long enough. For instance, I have some old GPUs that I can still mine (very slowly) with or use for things like Ollama and protein folding, but newer card(s) would probably be both faster and more efficient when it comes to power use. But trying to sell the old ones will probably take a while, even if I try to sell at like half the current going used price…
I used to have lots and lots of towers throughout the house - I’d build computers, then use them to learn things like networking and Linux/BSD. Over time, I would get quite a few of them built up, and in some cases, they might be 5-6 years old. I ended up giving many away on freecycle.org…