The FBI is suppose protect the public from fin scams![]()
Elon Musk calls to ādeleteā US consumer finance watchdog
Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)www.theguardian.com
Muskās post came in response to a recent podcast clip from the venture capitalist Marc Andreessen, a significant Trump donor, who said the agencyās primary purpose is to āterrorize financial institutionsā.
But it was soon reported that Andreessenās 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.
We donāt need another agency to do what the fbi is suppose to be doing