Trump's advisers are exploring ways to shrink, consolidate, or even eliminate top bank watchdogs in Washington, including the Federal Deposit Insurance Corporation (FDIC).
The FDIC insures up to $250,000 of savings per account, providing a system of trust that protects consumers during financial panics, as seen in the banking crisis at Silicon Valley Bank and First Republic.
Restructuring could lead to unforeseen consequences, such as consumers shifting their money to larger banks perceived as 'too big to fail,' potentially hampering smaller banks that are crucial for small communities and businesses.
The FDIC, Office of the Comptroller of the Currency, and the Federal Reserve are being considered for consolidation or restructuring.
Elon Musk has called for the elimination of the Consumer Financial Protection Bureau, arguing that there are too many overlapping regulatory agencies.
Options include preventative airstrikes, sending more U.S. troops and military assets to the Middle East, and selling advanced weapons to Israel to strengthen its offensive capabilities.
Iran has enough highly enriched uranium to build four nuclear bombs, and converting it to weapons-grade fuel would take just a few days. Additionally, there is debate among Iranian officials about increasing nuclear efforts and reconsidering non-proliferation pledges.
Amazon is planning a $1 million donation to Trump's inaugural fund, signaling a potential effort to mend ties with the president-elect after founder Jeff Bezos had previously feuded with Trump.
The mood is a mix of celebration and grief, with people rejoicing over newfound freedoms but also mourning the victims of Assad's prison system.
The new government's top priority is establishing security and demobilizing Assad's military to prevent chaos, while also seeking international recognition and pushing out foreign powers like Russia and Iran.
Foreign powers like Turkey, Israel, Russia, and Iran, each with their own agendas, could destabilize Syria further, potentially turning it into a battleground for geopolitical conflicts.
A.M. Edition for Dec. 13. The president-elect’s transition team explores ways to shrink, merge or even eliminate the top bank watchdogs in Washington). Plus, Trump advisers consider military action against Iran) to stop its nuclear program. And the WSJ’s Jared Malsin) is in Damascus, where the rebels who toppled the Assad regime are trying to chart the country’s future). Luke Vargas hosts.
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