He's apparently working as a sales agent for the junk at Citigroup and other zombie banks. It would be nice if he were doing this on his spare time, but according to the NYT he sees trying to help the bond holders and shareholders and multimillion dollar executives at these institutions as his main responsibility.
It would be reasonable to ask why the Treasury secretary feels a need to work as a sales agent for the major banks, in addition to subsidizing the sale of their junk assets.
Unlike many news organizations, the Prospect has remained staunchly committed to keeping our journalism free and accessible to all. We believe that independent journalism is crucial for a functioning democracy—but quality reporting comes at a cost. From Trump’s threat to the free press to Musk’s influence on our democracy, there is too much at stake in 2025 to stop now.
We’re behind on our goal to raise $75,000 to continue delivering the hard-hitting investigative journalism you’ve come to expect from us. Your support helps us maintain our independence and dig deeper into the stories that matter most.
We need you to make a year-end contribution today. Any amount helps secure our future and ensure we can continue holding power to account.
