I think the American people have appreciated the FDIC over the years, because the FDIC was another way for taxpayers to be kept out of a problem, because it is an insurance fund. The banks are taxed and they put the money into the fund. And if there is, in fact, a bankruptcy, you are covered. Right now I think it is up to $250,000. Am I correct?
The speaker discusses the role of the FDIC in protecting taxpayers and bank customers.
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The way the Senate works, as you know, it’s a supermajority to get anything done. It has nothing to do with age.
Frankly, anyone who runs on that as an issue should be defeated, overwhelmingly by everybody.
Good on Gavin Newsom for being the bigger person to show up and say, Mr. President, I'm glad you're here.
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