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Boosted by jsonstein@masto.deoan.org ("Jeff Sonstein"):
Npars01@mstdn.social ("Nicole Parsons") wrote:
When an oligarch can reach into a state's bank account and remove $80 million without notice or procedure, in a fit of pique, you're begging for a bank run or the collapse of interbank processing systems.
Musk can reach into anyone's bank account. Thwart employers from making payroll. Thwart proper remittances. Extort corporations to switch to his payment processor.
https://fortune.com/2025/02/13/elon-musk-doge-cfpb-x-payments-platform/