4 ms·
Every man in the White House is benefiting himself first. Look at Secretary of Commerce Howard Lutnick. In his previous job as CEO of Cantor Fitzgerald, he bec
by pavlov 11mo ago
Every man in the White House is benefiting himself first.
Look at Secretary of Commerce Howard Lutnick. In his previous job as CEO of Cantor Fitzgerald, he became deeply involved with stablecoin cryptocurrency Tether. Supposedly Cantor Fitzgerald holds close to a hundred billion dollars of funds for Tether, but this has never been verified by an audit — the only confirmation is from Lutnick himself.
In his White House job, he has worked hard to make it easier for companies like Tether to operate in the US with no oversight. And why wouldn’t he? As the sole guarantor of Tether’s credibility, he’s probably making billions from them.
- nova22033 11mo agoLutnick's sons run Canton Fitzgerald.
- pavlov 11mo agoThat’s not an endorsement for a finance organization. Bernie Madoff and Donald Trump also ran closely-held family businesses. It makes it easier to hide the skeletons.
- amelius 11mo agoAren't there safeguards against such obvious forms of conflict of interest?
- encomiast 11mo agoSafeguards only matter when there are people and institutions to enforce them. Remember all those people they fired? All part of the plan.
- reactordev 11mo agoThis. Everyone is waiting for “the day” to come but they were all laid off back in April. This is why no one is stopping this. Everyone is doing it.
- refurb 11mo agoWhich people specifically. Can you provide a source?
- encomiast 11mo agoHere’s a small example. There are more: https://en.wikipedia.org/wiki/2025_dismissals_of_U.S._inspectors_general https://en.wikipedia.org/wiki/2025_dismissals_of_U.S._inspec...
- refurb 11mo agoSeems like a long history of firing IGs instated in prior administrations. https://www.politico.com/news/2024/10/03/watchdog-report-cuffari-biden-00182414 https://www.politico.com/news/2024/10/03/watchdog-report-cuf...
- deleted 11mo ago[deleted]
- thisisit 11mo agoAdd to the fact that people are still defending this gross corruption and both siding it. It seems to me that Americans have went from “drain the swap” to “corruption is okay because the other side does it too. My only regret is that I am not part of the government to score some money too.” It is now a race to becoming a low trust, third world government.
- port11 11mo agoI wonder if government by random assignment would help, since a random number of citizens would then prioritise their own agenda but for a limited amount of time/scope/power.