- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Summary
Elon Musk wants to “delete” the Consumer Financial Protection Bureau (CFPB), which has returned nearly $20 billion to Americans since its creation after the 2008 financial crisis.
Critics, including Public Citizen, argue Musk is driven by conflicts of interest, as the CFPB recently finalized a rule to supervise large tech companies offering digital payment services, a business Musk appears poised to enter.
“In short, Musk is calling for elimination of the consumer protection regulator over a business line he seems poised to enter… This is systemic corruption at a grand and intolerable scale,” one advocate said.
The CFPB has long faced opposition from corporations and conservatives but is praised for combating financial abuses and protecting consumers.
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Critics argue Musk is driven by conflicts of interest
I’m shocked, I say. Flabbergasted. Nonplussed. Flummoxed.
The rich hypocritical narcissistic shithead is using his status and position to amass even more wealth that he won’t ever use in his lifetime? Say it ain’t so!
Fuck Musk and everything he stands for.
It’s long overdue time to eat the fucking rich.
News flash: Because it’s not about efficiency.
It’s about how to most efficiently stuff tax dollars into his pockets.
Well, his and his friends, but yeah. This is the complete answer.
This is how they get us. They’ll overwhelm with the volume of terrible shit that they’re doing. We just won’t be able to stop it all. We can organize and protest one thing at a time, But how can we organize to stop a thousand different things all happening at once?
Once they’re back to putting children in cages and banning birth control, how are we really going to be motivated to rally around stopping the shutdown of a government bureau?
USA could’ve organized to stop thousands of different things all at once, but they decided to let it happen. That was on 5-NOV-2024.
Yep. Non voters asked for this, whether they realize it or not. Hope they enjoy the shit sandwich
Surly the face eating leopard won’t eat MY face…
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Fuck. Fine, I’ll tone it down a notch.
how can we organize to stop a thousand different things all happening at once?
By offering our oligarchs a free haircut. There’s a French style that would be a perfect match!
Literally whatever he thinks and says, I want the exact opposite. Don’t trust the rich, especially the richest of the rich!!
That agency was created by congress and it will take congress to destroy it, no matter what President Musk says.
You know that the Republicans will also control both houses of Congress, right?
The house is really close. So much so that Republicans will have a one seat majority until April. The Republicans will have a 3 seat majority in the senate. IDT it’s anything to brag about and not a foregone conclusion for anything.
GOP has Congress. They’re going to rubber stamp whatever Musky tells Trump. If they don’t they get primaried, funded by musky. There’s really no point in trying to be pedantic (which everyone already knows anyway).
…i.e., not corrupt enough to keep around
The CFPB has long faced opposition from corporations and conservatives
Whatever the complete opposite of a red flag, they have it. It’d be hard to find a thing these two groups have in common with an average citizen if that’s not just an infight between the two.
Critics, including Public Citizen, argue Musk is driven by conflicts of interest
In equally surprising news, leading oceanographers agree : Pacific Ocean larger than average dog’s water bowl in terms of both area and depth.
Life is grand if you are a narcissists in USA.
A very rich narcissist at least.
No not just the rich, narcissism is not only accepted but respected in USA. Stand your ground, discriminate minorities, falsify historic events, and generally cheat and lie. You can do these things and become a local or even national hero, AND President of the USA!
It’s all accepted and legal to a way higher degree than other countries that are economically comparable.narcissism is not only accepted but respected in USA
america needs the Law of Jante.
Absolutely, it’s insane how many Americans call USA God’s country, and the Bible preaches to be humble, which is kind of what the Jantelov is about, but being humble is completely alien to most of the Americans that claim they are Christian.
Why is anyone even considering what that pissfart wants?
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On the other hand, it’s because of the CPFB that one must have absolutely sterling credit to even think about getting a mortgage. Prior to the 2008 housing crisis that led to its creation, banks were handing out mortgages like Halloween candy, all anyone had to do was walk up and say “Trick or Treat!”. Didn’t matter whether or not the person getting the mortgage made enough money to even pay the interest, the mortgage and the house were both there for the taking.
