The irony is that it really doesn’t save you much if any money and just creates more risk. Even if you move the FDIC’s functions somewhere else, you still have to add additional staff to whatever entity you move it to. The only real reason to consolidate is so Trump and his wealthy buddies can get deregulation which inherently does make bank runs or other market implications more real.
What they’re trying to do is play corporate strategy games with centralization on the government functions and policy to reduce admin burden but for those of us who have actually been part of these efforts at business it is clear that it’s not all sunshine and rainbows.
