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   Kevin Beaumont (gossithedog@cyberplace.social)'s status on Monday, 10-Feb-2025 00:31:06 JST Kevin Beaumont

   Absolutely wild. The US financial services regulator has had their website suddenly deleted this weekend and according to the NY Times they’ve been told to stop all supervisory activity (ie regulation).

   It’s supposed to be protected by an act of Congress but President Musk has decided to ignore that.

   https://www.consumerfinance.gov/

   • Haelwenn /элвэн/ :triskell: and clacke like this.
   • Mr. Bill repeated this.
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     Kevin Beaumont (gossithedog@cyberplace.social)'s status on Monday, 10-Feb-2025 06:37:59 JST Kevin Beaumont

     in reply to

     https://www.nytimes.com/2025/02/08/us/politics/cfpb-vought-staff-finance-watchdog.html

     HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.
   • Embed this notice
     Kevin Beaumont (gossithedog@cyberplace.social)'s status on Monday, 10-Feb-2025 08:51:28 JST Kevin Beaumont

     in reply to

     The CFPB - today closed with an Elon Musk tweet “RIP CFPB” - was set up after the 2007/08 financial crisis. It was also investigating micro payment apps, like X.

     Steve's Place repeated this.
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     Kevin Beaumont (gossithedog@cyberplace.social)'s status on Wednesday, 12-Feb-2025 20:55:32 JST Kevin Beaumont

     in reply to

     CFPB workers have been fired overnight using emails which addressed them as Employee.Firstname https://www.wired.com/story/dozens-of-cfpb-workers-terminated-in-after-hours-firing-blitz/

     clacke likes this.
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     Kevin Beaumont (gossithedog@cyberplace.social)'s status on Thursday, 17-Apr-2025 23:49:49 JST Kevin Beaumont

     in reply to

     Bloomberg report CFPB are planning to cut 50% of their bank supervisory activity. CFPB was stood up after the 2008 financial crisis to stop it happening again https://www.bloomberg.com/news/articles/2025-04-17/cfpb-to-cut-financial-firm-supervision-shift-focus-off-fintechs

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     Kevin Beaumont (gossithedog@cyberplace.social)'s status on Friday, 18-Apr-2025 07:49:41 JST Kevin Beaumont

     in reply to

     Almost everybody in the CFPB has been fired. It was the regulator set up to stop another 2008 financial crisis occurring. https://www.wired.com/story/cfpb-has-been-gutted/

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     eric_ma (eric_ma@techhub.social)'s status on Saturday, 19-Apr-2025 00:36:00 JST eric_ma

     in reply to

     @GossiTheDog

     clacke likes this.
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     Lazy B0y (lazyb0y@mastodon.social)'s status on Saturday, 19-Apr-2025 00:36:02 JST Lazy B0y

     in reply to

     @GossiTheDog is there still any scenario left how tis coup can not end up in a worldwide financial and economic crisis?

     looks like they really want to kill the dollar in favor of bitcoin stored on „X pay“ or however they want to call it

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     DamonHD (damonhd@mastodon.social)'s status on Saturday, 19-Apr-2025 00:36:02 JST DamonHD

     in reply to

     • Lazy B0y

     @lazyb0y @GossiTheDog Was discussing very recently how EUR or CNY may become the reserve and triangulation currency if USD gets too messed up to trust...

     clacke likes this.