‘One of the dumbest ideas’: Abolishing the FDIC could backfire on Trump and his allies

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks.

​ The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Read More Breaking News, Latest News and Videos | CNN