[SEKYFAN]

https://www.msn.com/en-us/news/politics/...18bf&ei=19

So Musk does away with the CFPB, who was responsible for regulating and protecting people from scam artists so that there will be no oversight on him, Trump or their cronies in their Crypto business dealings.  This sure sounds like a conflict of interest?  Am I wrong?

Two weeks ago, Kash Patel, Trump’s nominee to direct the FBI, was given 25,946 shares in Trump Media, according to a Securities and Exchange Commission filing. They are now worth about $840,000. What was this a payoff for?  How is this appropriate?

Last weekend, the Trump-Musk regime shuttered the Consumer Financial Protection Bureau (CFPB). The federal government is no longer protecting consumers of financial products. 

The shutting of the CFPB was welcomed by the crypto crowd, including Musk, and by those issuing Bitcoin exchange-traded funds, such as Trump.

Besides his financial interest in crypto, Musk has stated publicly he’s seeking to create an “everything app” that could be used for all financial transactions. Mark Zuckerberg and venture capitalist Marc Andreessen are aiming for the same thing.  Andresessen was involved in firms shut down by CFPB for scamming investors.

The CFPB had proposed that such apps be supervised the same way banks are supervised. Well, scratch that now. No supervision. And no insurance by the Federal Deposit Insurance Corporation. Brace yourselves for fraud and bank runs.

Musk, Zuckerberg, and Andreessen — all Trump backers and lapdogs — had claimed that the CFPB was trying to “debank” or remove them and other Trumpers from the banking system. In fact, the CFPB proposed the first-ever rule to block debanking.

Now, connect all the dots and what do you see? An oligarchy unleashed and in the open. Their extraordinary wealth is buying the power to make them even wealthier.

It’s bad enough that Trump and Musk are making room for their own personal financial products and those of their major backers.
Trump’s financial products also invite people and corporations seeking to curry favor with him to invest in his products. Outright bribery.


This, my friends, is pure corruption. Mark my words: It will blow up in Trump’s and Musk’s faces. I just hope it doesn’t blow up in ours.

[Hoot Gibson]

https://www.msn.com/en-us/news/politics/...18bf&ei=19

So Musk does away with the CFPB, who was responsible for regulating and protecting people from scam artists so that there will be no oversight on him, Trump or their cronies in their Crypto business dealings.  This sure sounds like a conflict of interest?  Am I wrong?

Two weeks ago, Kash Patel, Trump’s nominee to direct the FBI, was given 25,946 shares in Trump Media, according to a Securities and Exchange Commission filing. They are now worth about $840,000. What was this a payoff for?  How is this appropriate?

Last weekend, the Trump-Musk regime shuttered the Consumer Financial Protection Bureau (CFPB). The federal government is no longer protecting consumers of financial products. 

The shutting of the CFPB was welcomed by the crypto crowd, including Musk, and by those issuing Bitcoin exchange-traded funds, such as Trump.

Besides his financial interest in crypto, Musk has stated publicly he’s seeking to create an “everything app” that could be used for all financial transactions. Mark Zuckerberg and venture capitalist Marc Andreessen are aiming for the same thing.  Andresessen was involved in firms shut down by CFPB for scamming investors.

The CFPB had proposed that such apps be supervised the same way banks are supervised. Well, scratch that now. No supervision. And no insurance by the Federal Deposit Insurance Corporation. Brace yourselves for fraud and bank runs.

Musk, Zuckerberg, and Andreessen — all Trump backers and lapdogs — had claimed that the CFPB was trying to “debank” or remove them and other Trumpers from the banking system. In fact, the CFPB proposed the first-ever rule to block debanking.

Now, connect all the dots and what do you see? An oligarchy unleashed and in the open. Their extraordinary wealth is buying the power to make them even wealthier.

It’s bad enough that Trump and Musk are making room for their own personal financial products and those of their major backers.
Trump’s financial products also invite people and corporations seeking to curry favor with him to invest in his products. Outright bribery.


This, my friends, is pure corruption. Mark my words: It will blow up in Trump’s and Musk’s faces. I just hope it doesn’t blow up in ours.

Yes, you are wrong. You are always wrong. You are a propagandist who perpetrates endless conspiracy theories and lies about Trump, while defending every single criminal and unconstitutional action taken by liberal Democrats.

[Hoot Gibson]

Alternet and Robert Reich. 

[SEKYFAN]

Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees.

https://www.msn.com/en-us/news/politics/...3fbf&ei=21

The losses—accumulated as users either held onto shares of the coin as its value plummeted, or because they sold shares at a loss—totalled about $2 billion.

“This was plainly a bad thing, a wrong thing,” . “You don't have to be a crypto expert, I think, to see that the Trump Organization took advantage of the impending inauguration to make money. And they did so in a way that wasn't just a conflict then, but it can create conflicts in the future.”

So do the Trump followers on here think that this is right or ethical?  I hope non of you invested.

[Hoot Gibson]

Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees.

https://www.msn.com/en-us/news/politics/...3fbf&ei=21

The losses—accumulated as users either held onto shares of the coin as its value plummeted, or because they sold shares at a loss—totalled about $2 billion.

“This was plainly a bad thing, a wrong thing,” . “You don't have to be a crypto expert, I think, to see that the Trump Organization took advantage of the impending inauguration to make money. And they did so in a way that wasn't just a conflict then, but it can create conflicts in the future.”

So do the Trump followers on here think that this is right or ethical?  I hope non of you invested.

We are independent thinkers as opposed to you and your groupthink comrades, so I will speak for myself. I don't care and will probably not invest in crypto.

My advice to anybody else is to do your own research, ignore the ignoramuses who reflexively demonize Trump, and either invest in crypto or not based on your own careful research.