It is as difficult to sink a business without debt as it is sink a ship without holes.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 2
You only think it's yours.
https://www.theverge.com/2023/10/26/23934216/x-twi...Elon Musk wants X to be the center of your financial world, handling anything in your life that deals with money. He expects those features to launch by the end of 2024, he told X employees during an all-hands call on Thursday, saying that people will be surprised with “just how powerful it is.”
“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by The Verge. “If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
X CEO Linda Yaccarino said the company sees this becoming a “full opportunity” in 2024. “It would blow my mind if we don’t have that rolled out by the end of next year,” Musk said.
No. of Recommendations: 4
Trivia... in 1999 Elon Musk founded a company called x.com, targeted at financial services. It eventually merged with Confinity, and finally became PayPal.
Musk is still trying to relive past dreams and failures.
Alan
No. of Recommendations: 5
“When I say payments, I actually mean someone’s entire financial life,”
What could possibly go wrong.
This is your MAGA hero? You are going to get screwed.
No. of Recommendations: 9
Musk is still trying to relive past dreams and failures.
And he took a really big step in realizing that dream by gaining access to the financial and personal information for every citizen and corporate entity that either resides or pays taxes in this country
No. of Recommendations: 4
This story from the W$J is almost 2 months old but should still give everyone nightmares as if you aren't having enough trouble sleeping.
http://archive.today/2024.12.16-053143/https://www...The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington.
In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp., people familiar with the matter said.
Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could then be absorbed into the Treasury Department, some of the people said.
Any proposal to eliminate the FDIC or any agency would require congressional action. While past presidents have reorganized and rebranded departments, Washington has never shut down a major cabinet-level agency and rarely closed other agencies like the FDIC that are not.
No. of Recommendations: 0
The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington.
I heard flapping that stopped finally. I think the vulture has landed. It's waiting...
Crossing my fingers. I'm old and I have to force it, but I'll take it.
