Interview: Elon Musk plans to turn X into a payments platform, so he wants to eliminate sources of regulatory oversight.
He is trying to eliminate the Consumer Financial Protection Bureau - created to enforce consumer financial laws after the GFC.
The bureau has helped recover $21b.
Only "strong regulators will make Musk play by the same rules as every other bank."
~Julie Margetta Morgan
https://www.democracynow.org/2025/2/12/julie_morgan_cfpb_trump_musk_doge
#Musk #StateCapture #Oligarchy #USPol #MusksBank #Corruption #Fascism .
He is trying to eliminate the Consumer Financial Protection Bureau - created to enforce consumer financial laws after the GFC.
The bureau has helped recover $21b.
Only "strong regulators will make Musk play by the same rules as every other bank."
~Julie Margetta Morgan
https://www.democracynow.org/2025/2/12/julie_morgan_cfpb_trump_musk_doge
#Musk #StateCapture #Oligarchy #USPol #MusksBank #Corruption #Fascism .
Elon Musk Will Personally Profit from Dismantling Consumer Financial Protection Bureau: Ex-CFPB Official
President Trump has given yet more power to Elon Musk, who is now leading the effort to dismantle the Consumer Financial Protection Bureau.Democracy Now!
DrALJONES hat dies geteilt
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Joseph Lim :mastodon: •