It's important to keep emphasizing that what Musk proposes in this tweet is illegal. Congress created the CFPB, just as it created USAID, the DOE, etc. Neither the President nor a billionaire can dissolve them by fiat. Doing so is a violation of the law and the President's constitutional duties.
Reposted from
David Dayen
Guy wanting to make payment app knifing agency that regulates payment apps
prospect.org/economy/2025...
prospect.org/economy/2025...
Comments
I feel like a broken record.
There are no consequences to breaking the law anymore.
They remained on the books but were not enforced for decades until political movements gained enough power to make that impractical.
Service members, students, everyday folks,
The CFPB shields them from financial hoaxes.
$21 billion back to you and me.
No wonder Musk wants it RIP.
Good thing he and his goons don't have that kind of access.
- they pull the USAID playbook to lie about people, stop payroll, and ruin their lives
- court says you can’t do that
- their lives are still ruined and agency not functioning
- ???
We will see if they'll discharge it.
who controls those who enforce the law?
*most* of those that work forces...
/s
Talking and waiting for the courts isn’t solving anything.
Democrats are complying in advance!
in tech-bro speak 'Break things and move fast.'