Elon Musk revoked $80M in FEMA funding from NYC bank accounts

CalRobert · a year ago

I'm curious about the mechanism used here.

There was some discussion of this on bluesky. What I'm not clear on is whether the payment was effectively cancelled/taken back/etc. or if they just went and took it out of the bank account. Either is a problem of course but the latter is truly disturbing.

I believe ACH transfers can be reversed for 5 business days, and I think this action was 5 business days after the initial payment, so maybe they used that mechanism?

muddi900 · a year ago

Why is this post flagged?

renegade-otter · 10 months ago

Hey, the United States government is being destroyed by a tech billionaire. LET'S TALK ABOUT TAILWIND INSTEAD.

Ugh.

jimswhims · a year ago

Yep.

polski-g · a year ago

> Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon.

muddi900 · a year ago

A constitutional crisis in the world's biggest nuclear power clearly an interesting phenomenon. Whether new or not remains to be seen.

matsemann · a year ago

An unelected tech oligarch having the ability to take money from arbitrary government accounts I think would count as "interesting new phenomenon".

nainzelliam49 · a year ago

if they fund on homeless people may this is good idea