He may not succeed in stripping their tax exemptions, but the scheme could well intimidate big foundations.
Scott Bessent
Posted inEconomic Policy
Why Scott Bessent Can’t Fix the Bond Market
Every Trump lackey must indulge his whims, no matter how stupid.
Posted inMoney, Politics, and Power
Sen. Wyden Report: Banks Systematically Ignored Jeffrey Epstein’s Crimes
The report shows how employees at Bank of America, Deutsche Bank, and JPMorgan helped to hide Epstein’s activities because he was a load-bearing part of their ‘wall of cash.’
Posted inTAP
Trump Demands $10 Billion in Taxpayers’ Money
The president is suing his own administration for a private payday. Which of his appointees will oppose this outrageous cash grab?
Posted inEconomic Policy
More State (or Is It Just Trump?) Capitalism
Last year, financier Scott Bessent excoriated the Biden administration for its revival of industrial policy. Now as Trump’s Treasury secretary, he the government would be expanding investments in companies in crucial economic sectors.
Posted inEconomic Policy
How Scott Bessent Enables Oligarchy
After the attacks of September 11, 2001, the government began cracking down on hidden transfers of wealth. The purpose was to prevent money laundering that might finance terrorism. Some of this was codified in the USA PATRIOT Act. After the financial collapse of 2008, other safeguards were added. All this strengthened the Treasury Department’s Financial Crimes Enforcement […]
Posted inTAP
Bessent’s Bizarre Bailout
Today on TAP: Argentina will get U.S. help despite its perverse economic policies, only because fellow economic pervert Trump and Argentina’s Milei are soulmates. It won’t work.
Posted inTAP
‘Trump Accounts’ Cannot Possibly Replace Social Security
Today on TAP: This is just another tax break for the rich.
Posted inTAP
Hijacking the Fed
Today on TAP: Trump may succeed in isolating Federal Reserve Chair Jay Powell and taking over the Fed himself, but the result would crash the economy.
Posted inCivil Rights in America
Trump’s War on Gay, Lesbian, and Trans People
Treasury Secretary Scott Bessent is gay and married. Hello?