Musk administration just started draining private bank accounts via the US Treasury.
You can refer to this thread on BlueSky by George Pearkes, but here's a quick rundown on what happened:
- NYC got $80 million of Congressionally appropriated FEMA money on February 4th. The wire cleared; it was sitting in an NYC bank account at a commercial bank, per law.
- Yesterday, the treasury took the money back. No warning, no court order- they simply accessed that bank account and took the money from it.
- This means they can, and will, take money from any bank account in the country at their whim, with no process or accountability whatsoever.
Your account. My account. Anyone's account. For any reason.
"Oh, you protested the Trump administration? Let's fix that."
This is nothing short of apocalyptic.