Musk targets CFPB via twitter post (natch)

[Tommy Tainant]

Trump can nominate anyone he wants as a cabinet member, as long as he feels that person is qualified for the job. It's not like Musk is going to pay him for the cabinet position, Trump is already wealthy.

Its a transactional appointment. You cannot deny that is the case.

 

[Tommy Tainant]

You're still not understanding the concern and it has nothing to do with whether or not Trump can nominate whomever he wants.

It has to do with potential conflict of interest and possible quid pro quo - Musk helps Trump get elected and Trump gives him a position in his administration. Due to the access that Musk will have in that position running the "government efficiency" office (DOGE), it's a valid concern if Musk will use it to ensure that none of his contracts get the axe.

I wonder if musk will investigate his own contracts from the govt. I understand that there are several enquiries into those contracts.

 

[Tommy Tainant]

I’m sure that’s what Musk thinks. He is convinced of his own genius.

Trump has effectively sidelined him, and Ramaswammy, plus a few other supplicants. There is no commission. It’s just Musk running his mouth for the cameras.

Ther is only one star in the Trump show. Elon Musk doesn’t know that yet.

It will end in tears.

 

[Lisa558]

Your last financial crash put my mortgage up. It rippled around the world.
This one will do the same.

That’s what happens when Democrats demand low-income people deserve houses and kick off the need for sub-prime loans.

 

[Tommy Tainant]

That’s what happens when Democrats demand low-income people deserve houses and kick off the need for sub-prime loans.

No. It happens when there is a lack of regulation.

 

[Lisa558]

No. It happens when there is a lack of regulation.

No. How do you think low-income people get to buy homes, as the Democrats insisted, without creating a sub-prime market? You think banks should be forced to loan $400,000 so the waitress at Denny’s gets to buy a house at rates and terms equal to those for qualified people?

 

[CrusaderFrank]

Elon Musk calls to ‘delete’ US consumer finance watchdog

Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)

www.theguardian.com

Musk’s post came in response to a recent podcast clip from the venture capitalist Marc Andreessen, a significant Trump donor, who said the agency’s primary purpose is to “terrorize financial institutions”.

But it was soon reported that Andreessen’s venture capital firm, Andreessen Horwitz, was among other investors who had backed LendUp, an online consumer payday lender, that was shut down by the CFPB in 2018.


The Bureau protects consumers from financial scams. I can see why trumps acolyres want to get rid of troublesome regulations. Especially when they stop their own fiddles.

America seems well set for another financial meltdown. This one turbo charged with crypto.

I did think that they might be more subtle about it all but it appears not.

Maybe it will all turn out for the best ? It certainly will for the billionaire class elites.

Visa and Mastercard <3 CFPB

 

[CrusaderFrank]

No. It happens when there is a lack of regulation.

The prospect of absorbing a real financial loss is the best regulation

 

[Tommy Tainant]

The prospect of absorbing a real financial loss is the best regulation

It isnt.

 

[kyzr]

I wonder if musk will investigate his own contracts from the govt. I understand that there are several enquiries into those contracts.

I'm sure Vivek will eliminate any conflicts of interest.

 

[Tommy Tainant]

No. How do you think low-income people get to buy homes, as the Democrats insisted, without creating a sub-prime market? You think banks should be forced to loan $400,000 so the waitress at Denny’s gets to buy a house at rates and terms equal to those for qualified people?

The answer is to build more affordable homes. Everyone should be entitled to a roof over their head. Even poor people who you so clearky despise.

 

[kyzr]

No. How do you think low-income people get to buy homes, as the Democrats insisted, without creating a sub-prime market? You think banks should be forced to loan $400,000 so the waitress at Denny’s gets to buy a house at rates and terms equal to those for qualified people?

Yep, when Clinton passed the Community Reinvestment Act, the stage was set for the financial crisis.

Community Reinvestment Act - Wikipedia

en.wikipedia.org

 

[Lisa558]

The answer is to build more affordable homes. Everyone should be entitled to a roof over their head. Even poor people who you so clearky despise.

People who rent have a roof over their heads. People with low incomes are not entitled to own a house.

And since when is recognizing that low-income people cannot afford to own a house mean “hating poor people”?

 

[Tommy Tainant]

People who rent have a roof over their heads. People with low incomes are not entitled to own a house.

And since when is recognizing that low-income people cannot afford to own a house mean “hating poor people”?

Maybe your comments about Dennys waitresses.

 

[Tumblin Tumbleweed]

People who rent have a roof over their heads. People with low incomes are not entitled to own a house.

And since when is recognizing that low-income people cannot afford to own a house mean “hating poor people”?

From you, it's implied.

 

[Wild Bill Kelsoe]

Elon Musk calls to ‘delete’ US consumer finance watchdog

Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)

www.theguardian.com

Musk’s post came in response to a recent podcast clip from the venture capitalist Marc Andreessen, a significant Trump donor, who said the agency’s primary purpose is to “terrorize financial institutions”.

But it was soon reported that Andreessen’s venture capital firm, Andreessen Horwitz, was among other investors who had backed LendUp, an online consumer payday lender, that was shut down by the CFPB in 2018.


The Bureau protects consumers from financial scams. I can see why trumps acolyres want to get rid of troublesome regulations. Especially when they stop their own fiddles.

America seems well set for another financial meltdown. This one turbo charged with crypto.

I did think that they might be more subtle about it all but it appears not.

Maybe it will all turn out for the best ? It certainly will for the billionaire class elites.

They aren't doing a very good job...lol

 

[Moonglow]

Elon Musk calls to ‘delete’ US consumer finance watchdog

Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)

www.theguardian.com

Musk’s post came in response to a recent podcast clip from the venture capitalist Marc Andreessen, a significant Trump donor, who said the agency’s primary purpose is to “terrorize financial institutions”.

But it was soon reported that Andreessen’s venture capital firm, Andreessen Horwitz, was among other investors who had backed LendUp, an online consumer payday lender, that was shut down by the CFPB in 2018.


The Bureau protects consumers from financial scams. I can see why trumps acolyres want to get rid of troublesome regulations. Especially when they stop their own fiddles.

America seems well set for another financial meltdown. This one turbo charged with crypto.

I did think that they might be more subtle about it all but it appears not.

Maybe it will all turn out for the best ? It certainly will for the billionaire class elites.

of course, the deviant autocrat wants to eliminate anything that protects consumers. He should focus on the crashing value of his Tesla POS Truck.

 

[JGalt]

Its a transactional appointment. You cannot deny that is the case.

So what is President Trump receiving in return?

Maybe Elon will give him one of the SpaceX missiles. President Trump sure liked the way they landed, with the chopsticks things that grabbed the missile when it set down. He could put it in the back yard of his home in Mar A Lago and charge tourists a couple dollars to climb up on it.

Wouldn't that be peachy?

 

[CrusaderFrank]

It isnt.

Sure it is!

 

[WEATHER53]

Libs screw up their finances, demand bailouts, don’t learn anything and want mommy appointed to keep them out of further trouble