[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.