Musk Says DOGE 'Should Definitely' Examine Federal Reserve Costs

[BumRushDaShow]

Source: Yahoo! Finance/Bloomberg

Thu, May 1, 2025 at 5:00 AM EDT


(Bloomberg) — Billionaire Elon Musk said he is considering sending his government efficiency team to the Federal Reserve, citing a costly renovation of the central bank’s Washington, DC, headquarters as an example of potential government waste.

“Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending two and a half billion dollars on their interior designer,” Musk told reporters Wednesday at the White House.

The Fed’s multiyear headquarters renovation has ballooned to a $2.5 billion price tag as of 2022, a figure that the central bank pinned to higher costs of building materials and labor since the project started in 2021, right as inflation began to soar. “That’s an eyebrow raiser,” Musk said.

Musk spoke Wednesday in the White House’s Roosevelt Room, just hours before the Wall Street Journal reported that Tesla Inc.’s (TSLA) board had initiated talks with a search firm to find the EV maker’s next CEO. Tesla Chair Robyn Denholm later called the report “absolutely false” in a post on X.

Read more: https://finance.yahoo.com/news/musk-says-doge-definitely-examine-090000549.html

[BootinUp]

1. His goal is to literally destroy US currency

And replace it with a crypto Ponzi scheme.

[CitizenZero]

4. Probably Right

Musk is working with Visa to develop a digital wallet called an "X Money Account" that will enable peer-to-peer payments, transfer funds, and potentially access other financial tools on the X platform. Musk is intending to turn X into an "everything app" that goes beyond being just a social media app, into financial tools and other services. Elizabeth Warren called him out on this when he took his DOGE axe to the Consumer Financial Protection Bureau (CFPB), an agency that has jurisdiction over just those types of financial services. Musk doesn't like fair play and wants an unlevel playing field for his companies. Thus his desire to get into the Federal Government. That, and plundering all the data.

[LiberalArkie]

14. Not really, he wants to destroy the country who destroyed his wonderful South Africa and turned it over to the

darkies. Now if he can profit from it, the more the better. His tax rate is around 3.27%, so he doesn't pay much when he does pay.

[BootinUp]

15. Not sure the difference is worth fighting over. lol.

[mdbl]

2. Seriously. What has that asshole done that makes him trustworthy?

Nothing.

[turbinetree]

3. He really should pound sand.............go to Texas and finish your compound.............whats the name of it...........

does anyone have any suggestions..............it is after all located near Waco.............

[belpejic]

5. Shagtown Ranch n/t

[turbinetree]

6. I thought he was going to name it Bigamy

[BumRushDaShow]

9. Should be named Polygamy

I think he has at least 4 baby mamas (and 14 children).

[turbinetree]

16. This................ugh...........

[Gaugamela]

7. The Fed brings revenue into the US treasury

and covers its own expenses. In 2021 it paid $107.4 billion to the treasury. Musk is an idiot.

[angrychair]

8. He is getting way out beyond the wire

The federal reserve board is filled with very serious and incredible powerful people. While people like eLoon and the Mango Mussolini play pretend, these are the people in actual control of the money.

I am not saying this to be funny or mean it in a glib way at all. There is a reason that no president in the modern era of the Federal Reserve has been stupid enough to fuck with them because, as the saying goes, these aren't the kind of people you fuck with if you know what's good for you

[pecosbob]

10. Do what we say or you won't have any desks next week.

[lonely bird]

11. Stop. Letting. Him. In.

Enough. He as no authority to do any of what he has done. If his idiots come to federal departments keep them out. The executive order which “created” this absolute mess is not law.

Lock the doors. Musk can go fuck himself. His minions can go fuck themselves.

Any data that they downloaded or illegally accessed must be returned and criminal charges brought against him and them.

Confiscate his assets. Revoke his citizenship and deport him.

[Karasu]

12. THIS. I have no idea why people keep rolling over for this fictional "department" of twentysomething hacker brats.

It's crazy to me that no one has challenged DOGE's existence outright. What the fuck is taking so long?

[BumRushDaShow]

18. One group did just that

https://www.democraticunderground.com/10143411183

And Bondi sent the U.S. Marshals in - https://www.democraticunderground.com/10143412156

And then a judge upheld the takeover and destruction - https://www.democraticunderground.com/10143415964

[lonely bird]

19. Yeah, I know

I think they should do it anyway.

[Klarkashton]

13. Musk is a pain in the ass. The sooner he is cast the fuck out the better

This has been a nightmare of mistakes and nonsense.

[sakabatou]

17. That's purview of Congress not... whatever the fuck DOGE is.