Donny Just Fulfilled His Billionaire Pal's Dream
A Labor Department letter could help Trump’s private equity donors fleece 100 million workers. The letter follows a $3 million super PAC donation from a Wall Street titan pushing for the change.
https://sirota.substack.com/p/news-t...is-billionaire
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As news cycles were consumed by Trump deliberately inflaming social unrest and threatening a domestic military invasion, the president’s political appointees were approving a regulatory change that could transfer hundreds of billions of dollars of Americans’ retirement savings to private equity firms. Those are the Gordon Gekko-run outlets that have become famous for fleecing investors, laying off workers, gutting local economies, strip-mining media outlets and creating public health and environmental disasters -- all while minting Wall Street billionaires.
The Trump administration’s new directive came just a few months after private equity billionaire Steve Schwarzman -- who had been pushing for the change -- poured $3 million into a super PAC backing Trump’s reelection bid.
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