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Monday, March 18, 2024
March 18, 2024

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Letter: Don’t be fooled again

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Donald Trump has attacked Washington, D.C., insiders, lobbyists, Wall Street, and campaign finance laws as he has tapped into populist rage.

Gordon Gekko, the villain of Oliver Stone’s movie “Wall Street,” was in part based on billionaire corporate raider Carl Icahn.

Gekko plots to take over an airline that he secretly intends to dismantle. Icahn took control of TWA Airlines, sold off some of its most valuable assets and ushered the company into bankruptcy. Icahn gained a personal profit of $469 million and employees got wage cuts. Trump said his friend Icahn would make an excellent head of the U.S. Treasury Department.

Steven Mnuchin is best known for his leadership in taking over IndyMac’s failed subprime mortgage business that later made billions off of taxpayer bailouts and cost the federal government an estimated $13 billion. Now hedge fund veteran Mnuchin is Trump’s campaign finance chairman.

Trump ran his unlicensed education institution, Trump University, for 10 years. Now he is being sued in both California and New York. According to the lawsuit, Trump promised his hand-picked instructors would teach students his insider secrets of success. Instead students paid up to $35,000 for useless seminars taught by people Trump never vetted. The New York Attorney General called it a classic bait-and-switch scam.

Beware of the billionaire who professes to be the only true prophet.

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