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Wall Street Mav|5月 12, 2025 21:37

Senator Elizabeth Warren and the Trump-fired CFPB Director Rohit Chopra are trying to block efforts by DOGE to cut federal employees in the agency. They are advocating for MORE insurance on banking deposits. This creates more risk for the US govt. It allows bankers to take more risks because the govt backstops everything. If the govt backs everything, then the govt controls everything. Socialism in banking.

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