[FDIC Chairman Warns: Cutting Bank Regulation May Come At A "high Price"] According To The Financial Times, The Outgoing Chairman Of The Federal Deposit Insurance Corporation (FDIC) Warned That The US Financial System May Pay A "high Price" If The Trump Administration Cuts Bank Regulation Too Aggressively. Martin Gruenberg Said: "Short-term Changes Aimed At Achieving Short-term Results In The Financial Sector May Have Real Costs And In A Sense Undermine Our Long-term Goals." His Warning Came As President-elect Trump Vowed To Cut Rules And Bureaucracy As Part Of A Plan To Boost The US Economy, And His Allies Expressed Interest In Streamlining US Financial Regulators. Gruenberg Said That The United States Remains Vulnerable To The Same Combination Of Problems That Led To Major Recent Crises, Including The Savings And Loan Collapse In The 1980s, The Financial Crisis In 2008, And The Regional Bank Runs In 2023. In Each Case, Deregulation And Supervision Led To The Rapid Growth Of New Products And Non-bank Financial Companies, Which Later Proved To Be More Risky Than Expected. He Said: "One Thing Is Important, That History Will Repeat Itself. I Am Worried That We Will Have To Pay A Painful Price Again."