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in /technology 2 months ago

This Tech Billionaire Just Destroyed Your Financial Protections

TLDR

Marc Andreessen, a tech billionaire, is dismantling consumer financial protections by working within the government, specifically the Consumer Financial Protection Bureau, where he has influenced the removal of rules that benefit consumers, such as caps on overdraft fees and compensation for defrauded consumers, while his companies operate without oversight, highlighting the broader trend of Silicon Valley billionaires taking over governmental functions.

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