Latest / Systemic Error Podcast
MAGA bank collapse traps Trump allies
What happened
AlterNet, citing New York Times reporting, says Georgia gubernatorial candidate Rick Jackson and Ohio gubernatorial candidate Vivek Ramaswamy invested in GloriFi, a MAGA-branded financial company that filed for bankruptcy months after launching its website. Its backers included right-wing billionaires Peter Thiel, Ken Griffin and Jeff Sprecher.
Jackson later invested millions more in the remains of GloriFi and now controls decisions about whom the bankrupt company sues, according to the Times. Former White House ethics counsel Norm Eisen warned that, if Jackson became governor…
The skinny
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