I don’t understand how they can do this since the money was never appropriated by congress for this purpose. Which means the House can STOP this cold if they want to, and they should.
Speaker McCarthy could get up and let the FDIC know that if they do this, their budget will be ZERO from here to eternity, and they will all be referred for Criminal Prosecution for STEALING TAXPAYER FUNDS
I could have sworn that Clinton did this back in the 1990’s.
Maybe the limit was $100k back then?