Calmly explain how this will actually be a good thing for the working class and won't unleash oligarch tyranny or...

holy fuck musk why are you so obsessed with trying to appeal to the chans? fuck of you're not /ourguy/ you never were yo unever will be. go spam somewhere else nigger

based goyim are cattle whos only purpose is to be exploited for shekels

Next step is debt slavery.

Guns should protect your from them

Fuck you Musk you fucking nigger.

Insane levels of college debt, so much so that it's a direct cause of declining birth rates.

Payday loan shops on every corner

18-25% credit interest rates

Idk Anon, this sounds like an agency that is NOT doing their job.

what's the point of the 2nd amendment

Will the national weather service be next?

Just listen to your local news! You know, the people who lie and scare everyone into buying all the bread and milk when a dusting of snow is approaching.

Forgive our loans then

i am a retard and also easily manipulated by lies and half truths pls explain and teach me

my hourly rate to teach mentally retarded low iq democrat voters is 60$

You can pay in crypto

so that means you should empower the agency to be able to pass actual regulations instead of completely destroy it

Days like these I am happy to live heavy regulated Europe.

The X app will do everything including pay day loans for hookers.

this crypto jew directly benefits from removing that agency so he can sell more loans for exploding cars for $120k

Jew puppet eliminates the Bureau responsible for educating people about predatory banking practices.

Color me shocked.

why would they regulate business they are getting kickbacks from?

I'm not personally against it. I'm by no means a trained economist, but I would think this would result in a direct injection of cash into our domestic economy. Forgive those loans and suddenly a boatload of young couples suddenly have the debt to income ratio needed to by a house.

I voted for trump but I'm so tired of this dipshit interfering with American politics. Just stick to selling cars

Because the CFPB is a redundant agency and is the personal fief of Elizabeth Warren, which she uses to debank political enemies, and enemies of her donors. It's literally a left wing financial hit squad that is not accountable to congress.

No, I think it would be much better to clean house first. There's a reason they aren't doing their job.

Musk is now a red pilled patriot. God bless him.

You dont "forgive the loans" as that transfers the debt on to the Taxpayer. You take the money out of Israel's ass by force and use it to pay off the loans for the people.

Billionaire Elon Musk, a key adviser to the incoming Trump administration, called for the Consumer Financial Protection Bureau to be eliminated, setting his sights on a regulator that has often clashed with Silicon Valley investors as they’ve attempted to enter the banking space.

“Delete CFPB. There are too many duplicative regulatory agencies,” the Tesla CEO posted on his social media platform X a little after midnight Wednesday.

The comment followed an appearance by celebrity venture capitalist and fellow Trump supporter Marc Andreessen on Joe Rogan's podcast, in which he accused the agency of attempting to “terrorize financial institutions” and “prevent new startups that want to compete with the big banks.”

Under current Director Rohit Chopra, the CFPB has sued and fined a number of financial tech firms and other startups it accused of deceiving customers, including at least one backed by Andreessen’s own firm…

finance.yahoo.com/news/elon-musk-calls-for-deleting-the-consumer-financial-protection-bureau-213424094.html

exactly, debt forgiveness is anti-semitic

wealth inequality

by merely typing these words you've outed yourself as a faggot commie. As such, anything you say or ask comes not of genuine interest but from a disingenuous attempt at hamfisting your faggotry unpropmpted, and no amount of effort into replying will convince you to abandon your gay religion.
Please kill yourself.

This sounds like a wonderful plan

this agency is responsible for protecting

oh, so they're the ones allowing American civilians to be fucked by banks?
everybody there should be fired and exiled from the country

The CFPB isn't there to stop stupid people from making stupid decisions, it's there to stop things like your bank changing the interest rate on your mortgage because you're making bigger payments than they expected.

name a single politician who got debanked by that hag using the agency

They could just ban predatory lending.

So what's the equity for people who were smart enough to not take out a loan they couldn't pay back so they could party and fuck girls? We're gonna start outright rewarding poor financial decision-making? Lmao

Elon Musk should buy Instagram and the dating apps

government agency

protecting people

A guy once tried that in the 1930s... worked great for a while.

I didn't participate in the student loan bubble that's destroying our birthrates!!! What free stuff do I get?!?!

Nigger tier reasoning

least astroturfed thread award

What retard timeline are we in? Elon musk decides government policy? If we're going to have some sort of unelected oligarchy can we enslave niggers and change RBG's name posthumously.

an agency that fights for consumers against bank fraud

You don't seriously think that this is what they are doing?
Their job is rubberstamp bankers exploiting the little people.

In just four years they'll turn america into true capitalism, where every goy is the property of his corporation.

omg waow musk would do this?! NO WAAIIIII

amazing you dipshits thought he was one of your "based and redpilled" buddies
musk supports carbon tax too and he wants to chip your brain you dumb shits

They don't even do that. All they do is force banks to provide them massive amounts of data on their borrowers so that the CFPB can use that for 'social research' papers for free

I'm sure there are many government programs and departments which could be eliminated that would have minimal effect on the public. It's interesting that he would focus first on one that would be most likely to come after his interests.

Musk wants to remake Twitter/X into a digital currency app, much like WeChat and other existing apps. The combo social media/banking apps are very popular and useful.

If he succeeds then Musk will become a trillionaire

No it isn't. Thinking

I should get free shit because I was a moron

That's nigger tier thinking. Tax dollars were used for those loans. Sorry you are a poor financial decisionmaker. Student loans aren't what's destroying birthrates lmao. Dumb, dumb nigger. You're asking for free shit too retardo

Because the people in place that are paid to protect you from predatory banking practices are being paid to allow predatory banking practices.

I should get free shit but people who made good decisions in life like getting paid to go to trade school shouldn't get shit.

Lmao. University educated folks!

The vast majority of us are going to suffer for the next 4 years while the billionaires ravage the country like it owes them money.

Financial scams are at an all time high right now, clearly this agency isn't fit for purpose.

Nobody use X anymore. It's a dead platform just like Truth Social. Musk killed Twitter, Rat killed TS.

Their job is rubberstamp bankers exploiting the little people.

You mean it's up to the CFPB to approve the poor working conditions of the JP Morgan Midget Circus?

Predatory lenders, payday loans, and for profit colleges are running rampant so that department isn't really doing its job is it?

FUCK TRUMP!

Yeah I checked out of being a huge MAGA guy this year thanks to faggot Elon Musk. I'm still happy Trump won but this guy does not give a flying fuck about Americans he's just gonna make sure Trump makes richniggers richer.

I can understand that this agency is barely doing anything it's supposed to, but why immediately axe it?
Why not reshuffle some people, reshape it here and there to make it actually do something. If not, have Musk promised some kind of replacement?
Because to me it seems that Musk is trying to steer USA into becoming much more of an economic zone than it already is, where consooming is the most important thing.

Not politicians, moron. Political and competitive enemies. David Horowitz, a right wing journalist was was debanked.

Predatory lenders, payday loans, and for profit colleges are running rampant so that department isn't really doing its job is it?

People are still dying in car accidents, so let's eliminate seatbelt laws.

Lol @ these seething crybabies brigading with the same script

Because it won't ever do anything

Just like the FCC is made to prevent monopolies or something yet gives Soros whatever he wants?

You're an idiot. Why are Trump faggoys so profoundly stupid.

jews whining about being debanked

cry me a river into your shekels shlomo

I aint paying fo yo shit nigga

Following that logic, does that mean we should eliminate the police anytime people start to think crime is at an all-time high?

Millenials who ate up John Liebowitz's faggot ass daily show pilpul know what's best for the country. Eat shit, cunt. The parties flipped.

ever since trump won they've made no effort to seem organic. i genuinely hope whatever glownigger department or nonprofit is spamming this bullshit gets eliminated or defunded too

the tax money it takes to keep the bureau running is a bigger net loss than anything it supposedly prevents
just look at the absolute state of EULAs. 'member when Disney said a guy couldn't sue them after his wife fucking died at their theme park because there was a forced arbitration clause when he signed up for Disney Plus? They backed down, but solely because of public outrage, not because this agency was doing SHIT. Just one big ineffective money sink.

i'll bite. i took a 401k loan and received the check. i had to send it on to another party after signing it as part of a down payment on some property i was buying. dropped it in a mailbox and apparently someone fished it out and took it to chase bank. who cashed it. must have had a teller on the inside, because they sure as hell weren't me. it was 5 figures. i filed a police report and then contacted the bank with a wtf and they blew me off for weeks. i contacted the cpfb and within 3 days i had the local branch manager and the regional director on the phone, and a reimbursement check in my hand within 5 days. this agency is gold and fuck musk.

After they outlaw usury, it won't be needed.
Simple as.

CFPB, like most government agencies, does the opposite of its name. It destroys little banks, increasing consolidation with the mega banks.

Fuck off statist nigger

The first thing all criminals, (especially white collar) want to do is eliminate the law enforcement agencies that can arrest them and imprison them. No surprise that this is the first agency Trump (and all Republicans) are trying to destroy. The wolves want unrestricted access to the sheep....so they go after the protector sheepdog.

This is what America wants....so this is what it gets. Unlimited power and riches for billionaires.......and every man for himself fighting for the tiny trickle down for the rest of us.

This one aspect seems to be common with public agencies all over the world: If it is not doing it's job, the solution is to provide it with more resources! In the private sector, failing enterprises go out of business. In the public sector, they get bloated.

It was under Clinton that they got rid of Glass-Steagall, you fucking retard.

After they outlaw usury, it won't be needed.

You believe Trump is going to outlaw usury?

Because it won't ever do anything

How do you know? Reforming it or making a better replacement wasn't even attempted. Musk isn't even in office yet and he already made a decision to axe it.
To me it's pretty clear he wants to make debt fueled consoomption more available. Doesn't matter if people will be scammed, you're just numbers on spreadsheet to this guy and the arrow being green and pointing upwards is the most important thing.

Show your real flag.

Because it is being used as a political weapon and is not accountable to congress. And it is run as the personal fief of a radical left wing US Senator. We already have FDIC and SEC to deal with consumer protection for the banking public.

If he were half the man hysterical leftists portray him as, he would.

Aren't most normies already debt slaves

Because the American government basically ceded and privatized banking to MasterCard and Visa. You can't access most of the US payment networks, get FDIC, etc unless you follow a private company's rules. For all the good the CFPB used to do, they see no problem allowing banks to ban legal gun purchases or getting debanked because of wrong think. It's just another piece of shit that needs to be removed.

But chud how is anyone gonna make sure anyone is following the finance protection laws.

We spend billions on federal law and local law enforcement. that's also what your local fed bank is actually supposed to do as well. the CFPB is really a redundant agency.

I'll bite. That agency could be merged with two or three other agencies with a quarter of the total staff and still get the same amount of shit done. You do not know government waste until you work for the gov. I swear, 90% of the employees areciseless meatsuits. Even in the military.

It's called the american dream. No greater honor for an american than to be an eternal debt slave for their jewish oligarhs. Many of them think they don't pay taxes like us, but they just pay corporate tax which is why electricity or other essentials ends up costing the same. Ffs they even cut of the dicks of their new born to please the masters

Trump is Jesus to one camp just like Biden is Jesus to the other camp. There is no saving them

For-profit colleges sounds fine to me.
It can be good if done by reasonable people, or help higher society seclude. Which is happening either way.
Aren't regular Universities already an absurd racket?

Since that kind of predatory lending actually happens...what does this agency do?

Because to me it seems that Musk is trying to steer USA into becoming much more of an economic zone than it already is, where consooming is the most important thing.

He probably is. Years ago, when he hadn't become a heretic by supporting free speech and he still was the darling of redditors, he was so because of his libertarian views.

You don't seriously think that this is what they are doing?

It is literally what they're supposed to do, yes. The ability for politicians to give their special interest backers corrupt sweetheart deals does not mean we should simply remove the guardrails. It means we need to work harder to get Money-Americans' hands out of our fucking government.

Instead, we get two billionaire retards colluding with an insane political oligarch to (literally) put Fox News into power so they can mollify the American NORFs as they rape and pillage our country... just like collective role model and diehard "free trade" enthusiast, Vladimir Putin.

That means it's working. Flatten the curve.

muh putin

muh olive garks

muh fox news

This is a parody post, right? Like, a caricature of what a multicolored haired genderqueer Twitter clown would screech here?

No. Forgiving your loan rewards the financial institution with taxpayer dollars and empowers them to continue the cycle.
Shut down the business, strip all the employees of their material possessions and wealth, execute the management, imprison the rest of the staff for at least a decade, give absolutely nothing to the shareholders, and then dissolve the loans - now you'll accomplish something. But that's a conversation you're not ready for.

Elon Musk is worth $250B
Elon Musk is an immigrant
Elon Musk received $10B in government subsidies for Tesla

Elon Musk now complains about how bad America is and how we have to gut government spending.

execute the management, imprison the rest of the staff for at least a decade, give absolutely nothing to the shareholders, and then dissolve the loans - now you'll accomplish something. But that's a conversation you're not ready for.

The Walton family owns 50% of all Walmart stock.....they are the overwhelming beneficiary from all this Chinese outsourcing and manufacturing....have you ever heard Trump mention them by name, once?

No chance in hell.

Established businesses conspire with government to create regulatory agencies which can investigate and arrest themselves. This is on purpose. An established business can withstand the extensive regulatory burden they're taking on, but a startup business cannot. Therefore the regulatory agency, while ostensibly protecting the consumer, in fact protects the established business against the startup. And usually the regulatory agency just institutes the policies that the business would like for itself anyway; since Ford vs Dodge decreed that businesses can only take profit into account, the burden of the regulatory system gives a rationale for smart decisions that harm short-term profit but protect the business. So business donates to politicians to work with the regulatory agencies they have a revolving door of staff with to regulate the business in the way that serves the already successful business.

Banking is a great example since it is consolidating more and more due to the impossibility of entering the field with the huge regulatory burden involved and the high stakes of not meeting it, creating the too-big-to-fail banks of the Great Recession which are now strictly immune to market forces. Is it good for the consumer to be pushed toward big centralized banks that are guaranteed to never fail? One can't imagine it is.

wealth inequality

literally who cares

stop being such an envious shithead

"Consumer financial protection" is a euphemism for a ladder pull by rich financiers to block new competitors from emerging from the hoi polloi. They manipulate regulations to block ordinary people from investing in certain things under the banner of protecting grannies from being scammed. For example, in order to purchase unregistered securities you must be an accredited investor, which means either you have a million dollars or you work for a big investment firm. In practice that means it's illegal for one little guy to invest in another; the banks must be involved.

you know you're speaking to a seething glownig when they somehow tie everything they take a kneejerk dislike to back to vladimir putin

Anybody got a list of properties Elon owns or does business in?

It's revenge for shutting down Dumph University

is this a parody????

literally the next sentence later:

>>>>>>>""""""""multicolored haired genderqueer Twitter clown""""""""

Thank you for a rare, genuine irony kek

No ones listening to this dork, you guys realize that, right? Lets say you actually wanted to remove the CFPB, and you were serious about it. Why wouldn't you use the chamber of commerce? Or use your lobby connections? Why would you risk some retard fucking it up and then having the public backlash against it and solidify it further next session? I don't think people who spend a lot of time online understand how deeply unserious elon is and how little he is respected. He is good for getting clicks and engagement but there are far more respected and legitimate channels to accomplish this level of change. If Elon touches it, people will push back on it simply because he is such a transparent retard.

name one!!!

he names one.

autistic screeching

fuck off retard.

OP cut off the @ because it's from some faggot shill account that relies on baiting young and low IQ individuals

It won't. It would be easy to say the billionaire elites who will soon have control of the castle are idiots, and don't understand how and why these departments came into existence.

But they aren't idiots, and they DO know. Which is why they want so many advocacy/protection agencies and regulations gone. Any guardrails on fuck-everyone-that-isn't-already-rich capitalism must be destroyed, because they're bad for profits.

Capitalism is great. Unchecked capitalism and the unrestrained pursuit of profit is not (unless you're already a billionaire and benefit from the negative consequences on average Americans).

But hey - when Rockefeller, Carnegie and Morgan's combined wealth was almost 4% of the GDP, they were very benevolent, kind to workers, and encouraged competition against their industries. So maybe things will work out just like it did then!

i mean that is an accurate parody of yourself, the difference being you work for the government not starbucks

niggers and mexicoids BTFO

We need to start lynching billionaires again. They've been free from consequences for too long and now they think they can just do whatever they want.

too subtle

1pbtid

Anyone that reads this and immediately believes it should kys

LOL

I'm in.

Are you?

This. Let's get started today.

I'm well aware the Waltons are evil. Haven't set foot in one of their stores in over a decade.
Also, Hillary was on the boat of directors for Walmart when her husband signed NAFTA and opened the floodgates to cheap Chinese garbage products.

Little guys don't just open banks. We're talking about valley investors that open unlicensed banking services with their generative ai cloud computer banking like fintech Synapse that just lost 90 million dollars in customer deposits last week

You’re an American. It’s your civic duty to get scammed

The faster we get rid of these anti-American crybaby billionaires that better off we will all be.

Just another boring ass kleptocrat. A con man

Actually closer to 300 million lost

Lmaooo this shit is so fucking gay I'm wondering if it's satire now. Who came up with these boomer glowniggers or jeets?

Its honestly crazy that people think the drm salesman is on their side.
Despite his need to pretend to be different
Musk reminds me heavily of Bill Gates and his impact on computing will be equally as devistating if not more so.

Holy shit, the guy who is a billionaire only cares about his own interests and the interests of other billionaires?! HOLY FUCK How could this happen Trumpbros?! I thought Elon was le based and redpilled?! Wait he doesn't actually care about us and just uses social issues as a distraction for the plebian masses so he can accumulate and hoard more wealth?! No way..

I have 30% interest now
200k from not for profit college
Apple refuses to refund 10k in fraudulent charges for mobile game
What do they do anyway?

I understand what you meant, don't worry kek. My point is that it's ironic that you claim someone else is a parody of themselves and then turn around and act like a fucking shining beacon of what it means to be a brainlet Buzzword Fan on Anon Babble. It was genuinely funny, so thanks again kek.

Trans right are human rights

lol the only ones crying is your DEI department raiding the board. hope you come back one last time to tell us your jobs got eliminated

Fuck you and dickless pussy Trump, fucking faggot. Seriously, fuck you and your family. Have a shitty life, dickweed asshole.

Fuck off, traitor.

Wasnt supposed to reply to you

protecting from for-profit colleges

Sounds like this bureau never did fuck all that it was supposed to.
Non-profit = we pay ourselves everything the company earns.

follow your sisters and blow your brains out nigger

You already made it clear no need to hammer it home like that ranjesh

I answer the phone every single time the jeets call me and waste as much of their time as possible.
I believe if I keep doing this every day that jeets will kill themselves when they realize their life is just a constant groundhog day of failure.

What do you mean, leftists say he has the interests of the rich in mind, which goes against outlawing usury.

They're so easy to expose

Besides, usually little or none of the regulation that gets pushed really addresses the issues that cause downturns. Boom/bust cycles are a feature of uncoordinated free market capitalism to start with, they'll always happen for as long as you're allowing speculation like commodity futures, lending with interest and investment. So the first problem is just this spoiled child idea that we should get to have the booms without the busts, and that's at all levels, the consumers don't want busts when they happen and the C-suite also insists that busts not happen to them even when they richly deserve them. Everyone's a little baby that wants the highs without the crash,

I drank too much and now I am hungover, help me Bernie Sanders!

The other factor is that all these bodies do is put limits on how shitty you can behave, they don't prevent places from doing shitty things. The CFPB is like if they made burnouts in city intersections legal, but only if you give a disclosure to every bystander that watching burnouts may result in severe injury or death. People are still going to die. That's basically how it works in finance too. You can still charge extremely high interest and place tons of fees, you just have to give the customer a disclosure saying the interest is really high and you're going to charge tons of fees. Everyone's okay with that because banks know people don't read and when they do it doesn't affect their decision making. Nobody gets most of the way to closing a loan, reads a disclosure about the $500 processing fee for scanning the loan documents and backs out of the deal, they just shake their heads and sign.

If anything it makes these things worse because now the bank has a piece of paper saying you consented and the government has effectively already agreed that this is fair and balanced. If the bank had no government support that activity might end up in front of a jury of your peers who might have a different opinion.

Americans are really stupid people.

Your headstone will have your birth name on it, troon

*BLOOP*
HELLO SAR ARE YOU THE HOMEOWNER?
I'M CALLING FROM bsfbjdbldfjbolabfo SOLAR SERVICES

Any proofs that this bureau actually did meaningful work beyond symbolic theater? If Elon wants to get rid of it I doubt there is.

he needs a government agency to tell him not to take 28% credit cards

These agencies exist to give unproductive women and minorities six figure government paychecks for nothing.

This fucking jackass dipshit.

Becoming a federal worker is one of the only ways to get a decent paying job in today's late-stage capitalism. Axing them will just make the competition even worse among the lower classes, which is of course in the interest of billionaires.

Surely a startup will form to stop Indian scammers. If not, people will have to rustle up their bootstraps and do their own detective work, arrest and build a prison for the inmates.

t. lolbertarian

Fuck you and dickless pussy Trump, fucking faggot. Seriously, fuck you and your family. Have a shitty life, dickweed asshole.

lol

I literally had one call me yesterday and tell me his name was Dan Smith in a thick ass poojeet accent

Calmly explain how this will actually be a good thing for the working clas

it's just will
okay?
trust the plan MAGA

Sounds like those retards do a shite job because colleges have been raping burgers for decades.

Show me a case in which they actually protected consoooomers

That's just contract law my dude. Adjustable Rate Mortgages (ARMs) exist and are perfectly legal, as long as the contract you're signing makes it clear that the rate is adjustable and you sign it of your own free will. The law that keeps the bank/mortgage company from changing the interest rate on your mortgage is just the law that says that companies have to abide by the contracts they sign and the words on the page that say the interest rate is fixed.

Nobody needed an extra bureau and enforcement arm for that. If your bank breaks the terms of the contract they signed with you, you could get a lawyer and sue them.

Usury is already illegal, what you mean is outlawing "compound interest" on mortgages and loans for the average person, all it serves to do as is would be locking them into debt slavery. Compound interest never should have been allowed outside of major businesses to keep them from expanding and pushing out smaller businesses, it's literally a richfag antitrust tax forced on normal people.

when are they going to open up mining jobs for 12 year olds so they can help their struggling families earn an extra income? they really need it "in this economy".

The mission going forward is to get rid of rat as fast as we fixing can. Shit him out, shit him down, ruin his life, jeer him, libel him, slander him, insult him, denigrate him, mock him, ridicule him, and attentively take apart everything he has ever done or will do. Make Trump a laughingstock around the world. Do something every single day to tear down his fortunes and his legacy. Make Trump irrelevant and hated across the globe as quickly as humanly possible. There is no bigger threat to this nation or the safety of the world than faggot loser asshole bitch dipshit Donald Rat Trump.

Calmly explain how this will actually be a good thing for the working class and won't unleash oligarch tyranny or worsen wealth inequality.

Because Democrats and Liberals oppose it. That's how you know it's good and it will work.

1pbtID

twitter screencap thread

you are a hit and run jew shill.

Because then as soon as Trump's out of office it goes back to doing what it did before. Better for the long-term to just break the toy so nobody can play with it.

Get rid of it. Get rid of this vile scumbag. Trump is the enemy. Treat him as such.

predatory banking

credit rates are 40%

This thread is pretty gay, so here's a series of screencaps from a recent interview where Trump seemed really hesitant to unseal the Epstein files... and totally not because the two men were best friends for a decade kek

Who ever said he gave a fuck about the masses?

Why do you think he wants people to get busy?.... more slaves you fucking morons.

God forbids colleges make a little profit to buy something nice for themselves

Fuck Trump!!!

Who ever said he gave a fuck about the masses?

He did. Over and over and over again. But the masses made the choice to believe the lie kek

protects against for profit colleges

Which ones are not for profit lmao? Sounds a useless agency

Why keep it around if it’s not doing anything?