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  We Investigated The Criminals Who Bought Trump: What We Found Will Shock You A billionaire put $75 million into the Trump family crypto company. His SEC probe was dropped. Binance helped them make a crypto coin and facilitated a $2 billion deal. The founder was pardoned. The Trumps are using crypto to enable brazen corruption at the highest level. ----- More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. Here’s what that means: We report on the real struggles and challenges of the working class from a working-class perspective. We attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power. And we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems. Donald Trump claims to be tough on crime, but he’s pardoning crypto criminals in what appears to be a massive pay-to-pardon scheme. In October 2024, just ...

  The biggest Ponzi scheme in history Robert Reich Mar 6 Friends, I remain optimistic about the longer term, but I still awaken each morning with a sense of dread. I’m sure some of you do, too. Start with Elon Musk’s bonkers comment that Social Security is “the biggest Ponzi scheme of all time.” In a Ponzi scheme, a con artist lures investors into a fake investment project, pockets the cash, and then gets new “investors” to funnel their cash to the earlier investors — until there are no new recruits and the whole thing collapses. The last ones in are suckers left holding worthless bags. Social Security is  not  a Ponzi scheme. It’s a high-functioning, universal, and exceptionally efficient part of the American social safety net — the  opposite  of a Ponzi scheme. Which is why the overwhelming majority of Americans   oppose cutting it . Social Security is a simple “pay as you go” program. Current workers, via the payroll tax, fund payouts for retirees and di...

  SUBSCRIBE TO  THIS NEWSLETTER First Donald Trump Purloins Top Secret Documents; Now Morgan Stanley Allows Its Clients’ Social Security Numbers to Get Auctioned on Hard Drives By  Pam Martens:  September 21, 2022 ~ James Gorman, Chairman and CEO, Morgan Stanley Yesterday, Gurbir Grewal, the Director of Enforcement for the Securities and Exchange Commission, said that the manner in which Wall Street mega bank, Morgan Stanley, had allowed the personal information of its clients to be auctioned off online on hard drives was “astonishing.” Grewal is not someone who can be easily astonished. Grewal came to the SEC from his post as Attorney General of New Jersey. Before that he had been the Bergen County Prosecutor. Prior to that he held various positions in the Justice Department’s U.S. Attorney’s Office for the District of New Jersey, including his last position there as Chief of the Economic Crimes Unit. Exactly what was it that astonished Grewal? According to the...

  SUBSCRIBE TO THIS NEWSLETTER: Trump Administration Prosecutor Charges in New Book that Justice Department Was Corrupted by Trump and Attorney General William Barr By  Pam Martens and Russ Martens : September 13, 2022 ~ Geoffrey Berman, Former U.S. Attorney for the Southern District of New York Two new nonfiction books are being released today. Bestselling author and anthropologist Sarah Kendzior’s book,  They Knew , describes Donald Trump as a “transnational career criminal.” The book from the former top federal prosecutor in the Southern District of New York under the Trump Justice Department, Geoffrey Berman, a Republican, reinforces Kendzior’s thesis with the revelation that Trump’s Justice Department was weaponized “to aid the President’s friends and punish his enemies,” both foreign and domestic. One of the most outrageous demands from the Justice Department, writes Berman, was “pressure to pursue baseless criminal charges against John Kerry, who had served in the ...

  SUBSCRIBE TO THIS NEWSLETTER JPMorgan Chase’s Stock Is a Dog – Put on a Leash by the Fed and Down 28 Percent Year-to-Date By  Pam Martens and Russ Martens : August 30, 2022 ~ According to YCharts ( give the chart time to load ) since January 1, 2017 through December 31, 2021 – a span of five years – JPMorgan Chase has spent a total of $84.312 billion buying back its own stock. In eight of those quarters, it spent more than $5 billion buying back its own shares. In the three quarters when JPMorgan Chase  was on a secret feeding tube from the Fed via the Fed’s emergency repo loans and other emergency programs , the bank bought back the most stock in its history according to YCharts: $6.949 billion for the quarter ending September 30, 2019; $6.751 billion for the quarter ending December 31, 2019; and $6.517 billion for the quarter ending March 31, 2020. Now, the unthinkable has happened. The Fed has actually put JPMorgan Chase on a leash. As a result, the bank is currently...