this post was submitted on 29 Nov 2024
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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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[–] [email protected] 149 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] anomnom 13 points 2 months ago

It’s long overdue time to eat the fucking rich.

[–] [email protected] 98 points 2 months ago (3 children)

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?

[–] [email protected] 31 points 2 months ago (3 children)

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.

[–] [email protected] 29 points 2 months ago (2 children)

Some people tried. Worth keeping them in mind when condemning the whole country as complicit.

[–] [email protected] 6 points 2 months ago (1 children)

I agree with you. I'm not blaming everyone.

[–] [email protected] 2 points 2 months ago

That's good.

[–] [email protected] 4 points 2 months ago (1 children)

Everyone who could have voted Harris but didn’t is complicit. Or at least was fine with a Trump presidency.

That’s most people in the US.

[–] [email protected] 3 points 2 months ago (1 children)

Why do you think I'm talking about them? I said tried.

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

I’m not disagreeing with you. Just pointing out that most of the US is at fault for what’s to come.

[–] timbuck2themoon 8 points 2 months ago

Yep. Non voters asked for this, whether they realize it or not. Hope they enjoy the shit sandwich

[–] [email protected] 3 points 2 months ago

Surly the face eating leopard won’t eat MY face…

[–] [email protected] 61 points 2 months ago (1 children)

News flash: Because it's not about efficiency.

[–] Corkyskog 32 points 2 months ago (1 children)

It's about how to most efficiently stuff tax dollars into his pockets.

[–] [email protected] 4 points 2 months ago

Well, his and his friends, but yeah. This is the complete answer.

[–] [email protected] 57 points 2 months ago

Literally whatever he thinks and says, I want the exact opposite. Don’t trust the rich, especially the richest of the rich!!

[–] [email protected] 44 points 2 months ago

Fox says hen house ineffective, should tear it down

[–] andrew_bidlaw 24 points 2 months ago

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.

[–] [email protected] 22 points 2 months ago

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.

[–] [email protected] 21 points 2 months ago

...i.e., not corrupt enough to keep around

[–] [email protected] 18 points 2 months ago (1 children)

Life is grand if you are a narcissists in USA.

[–] [email protected] 12 points 2 months ago (1 children)

A very rich narcissist at least.

[–] [email protected] 14 points 2 months ago (1 children)

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.

[–] [email protected] 3 points 2 months ago (1 children)

narcissism is not only accepted but respected in USA

america needs the Law of Jante.

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] [email protected] 4 points 2 months ago

Most of Christianity is alien to most Americans who claim they are Christian

[–] [email protected] 15 points 2 months ago (1 children)

So 20 more billion moved from the pockets of citizens into the pockets of oligarchs. System works as designed.

[–] [email protected] 16 points 2 months ago* (last edited 2 months ago)

Nah, worse than that.

When a organization like this exists it also puts pressure in companies to behave properly. The $20b was from those that weren't.

But with it gone, they'll start up again.

[–] [email protected] 5 points 2 months ago

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.

The wealthy elite class hates that kind of efficiency.

[–] [email protected] 5 points 2 months ago

Why is anyone even considering what that pissfart wants?

[–] [email protected] 3 points 2 months ago (1 children)

Sure. Just let him gut whatever. He thinks gutting things is automatically smart, though really it just gives him a little thrill.

At this point, the best (and maybe only option) is just let these clowns run wild. The system will fail sooner that way. Best not to draw it out.

[–] [email protected] -1 points 2 months ago (1 children)
[–] [email protected] 4 points 2 months ago

Yep. Not making any counter claims versus the article.