Elon, Inc. Everybody's Business: SpaceX in Unexpected Places
11 snips
Sep 20, 2025 
Rohit Chopra, former director of the Consumer Financial Protection Bureau, dives into the independence of the Federal Reserve and his bold ideas for reform. He discusses how shifting dynamics could change the Fed's impact. Meanwhile, sports columnist Randall Williams sheds light on the NBA salary-cap debacle involving Kawhi Leonard and owner Steve Ballmer, exploring the murky waters of circumventing salary limits. Lastly, a bizarre story surfaces about a plane crash in Brazil that yielded 200 kilos of cocaine stamped with SpaceX logos.
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Fed Independence Needs Accountability
- Rohit Chopra argues the Fed's independence must be matched by accountability to the public rather than Wall Street interests.
- He warns the Fed expanded powers post-crisis and should refocus on core mandates like stable monetary policy.
People, Not Just Laws, Shape The Fed
- Chopra says Fed power can change without new laws based on who occupies key seats and their priorities.
- He highlights fresh debates about new roles like stablecoins and broader balance-sheet interventions.
Restrict Bailouts And Recenter The Fed
- Limit the Fed's ability to pick winners via backdoor bailouts and subsidized credit for hedge funds.
- Redirect the Fed to be lender-of-last-resort for local banks and focus on stable monetary policy.
