The flood of bad-faith orders from the Trump regime never ceases. This time, the MAGA grifter and his cronies are putting your bank accounts at risk.
Bank accounts are insured by the Federal Deposit Insurance Corporation for balances up to $250,000 — a rather significant sum for most us. You’ve probably seen the FDIC logo on the door of your bank as you enter or on statements and other bank documents. Most banks feature it prominently to assure their customers that their life savings are absolutely safe at the bank.
Or, rather, safe until they aren’t safe any longer. Trump has installed his henchmen at the FDIC and they’ve decided to put your money — and the nation’s economy — in play for the crypto-bros and other grifters.
The FDIC has rescinded its requirement for banks to get prior FDIC approval before investing in cryptocurrencies like Bitcoin or TrumpCoin or whatever the hell Melania’s scam is named.
The new guidance, which rescinds FIL-16-2022, clarifies that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval.
The FDIC will continue to engage with the President’s Working Group on Digital Asset Markets and expects to issue further guidance in the future to provide additional clarity regarding banks’ engagement in particular crypto-related activities.
— FDIC notice published on March 28, 2025
Now you might think that’s not so bad. After all the FDIC has over a hundred billion dollars in assets to cover losses by banks.
Oops, not nearly enough. The value of U.S. bank savings accounts totals 10.7 trillion dollars. That means the FDIC could cover no more than 1 percent of our savings should the grifters get their hands on it.
Surely no bank would be foolish enough to invest any appreciable amount in the fraudulent phantom of crypto-bucks, right? Just like no reputable major national law firm would ever agree to bend the knee to Trump and do all that he demands of them. Oops, again.
Make America Broke Again coin
What do you think the big banksters will do when Trump orders them to buy TrumpCoins and MelaniaMoney as part of some supposed hare-brained scheme to create a U.S. “strategic reserve” of cryptocurrency? They’ll be shoveling money to him as fast as they can post a late charge to your account for being three seconds “late” on a payment (that is, the bank took two days to process your payment so you are late, not them).
Yeah, but the U.S. government would step in and cover any losses that the FDIC can’t make whole, right?
Hahahahahaha. Stop, you’re killing me. The billionaire class would laugh themselves all the way to your newly bankrupted bank at your foolish belief in the beneficence of their wholly-owned government.
This won’t end well. The FDIC and banks are teetering on the edge of just one single glorious rug pull … and your money will make it possible.
