As Elon Musk shuts down USAID the Trump administration is looking at shifting billions in funding to a little-known agency about to be led by a Wall Street scion. My latest for @bloomberg.com: www.bloomberg.com/news/article... - ThreadSky

sdonnan.bsky.social • 86 days ago

As Elon Musk shuts down USAID the Trump administration is looking at shifting billions in funding to a little-known agency about to be led by a Wall Street scion.

My latest for @bloomberg.com:

https://www.bloomberg.com/news/articles/2025-02-12/trump-advisers-look-to-shift-us-foreign-aid-to-wall-street-ally?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczOTM2NzQwMSwiZXhwIjoxNzM5OTcyMjAxLCJhcnRpY2xlSWQiOiJTUkJWNlhEV1JHRzAwMCIsImJjb25uZWN0SWQiOiI2NTI4REQ5RTU2RTM0NjcyOEM1NEMwNDIzREJCRDAyNSJ9.4S9Gmc_opCuZ9KkP68e58EebsLY65Zq5hKigVbUQjUE

Comments

canlug.bsky.social•86 days ago

urbanexile.bsky.social•86 days ago

Geez, do they select these guys from the Weirdo Basket?

boekeloo.bsky.social•86 days ago

I believe this is one of trumps's two goals. 1. Create a slush fund so he can dole out money to those who do his bidding. Like his dream of a sovereign wealth fund. 2. Cut taxes on the wealthy to as close to zero as possible.

deborahleao.bsky.social•86 days ago

And how would that differ from the EXIM? Or are they going to kill the EXIM as well?

camarovette.bsky.social•86 days ago

Can Trump move where the money is spent? I thought that was Congress job.

lindakaboolian.bsky.social•86 days ago

One more theft of public assets and public purpose. It may be time to roll a guillotine in front of the White House to remind the private equity/tech bros that we still out umber them.

sdonnan.bsky.social•86 days ago

The Wall Street scion is Ben Black, son of private equity group Apollo co-founder Leon Black.

Here's a blog post Ben Black co-wrote in January with tech entrepreneur Joe Lonsdale, a Musk ally, on "How to DOGE US Foreign Aid":

https://blog.joelonsdale.com/p/how-to-doge-us-foreign-aid

bosque.bsky.social•86 days ago

Corrupt States of America

arhud28.bsky.social•86 days ago

Theft in plain sight and no one is #stoppingthesteal

timfernholz.bsky.social•86 days ago

honestly curious, do Democrats say that shutting down a statutory agency is illegal, or is shutting down a statutory agency just illegal?

toneace.bsky.social•86 days ago

"Shifting"?! I thought they were cutting?! Wait a min..

thejujueye.bsky.social•86 days ago

More cronyism scams from the #trump regime.

axelrindborg.bsky.social•86 days ago

Ok, so the invasion, colonisation and ethnic cleansing of Palestinians in Gaza will be financed with USAID cash. Got it.

gwbstr.com•86 days ago

“US International Development Finance Corp., which was created during the first Trump administration and given the authority to use US taxpayer funds to invest in private-sector projects overseas alongside institutional investors.”

souleater1212.bsky.social•86 days ago

rogeratl.bsky.social•86 days ago

And there it is.. the real purpose of DOGE: remove barriers that protect free trade and consumers while redirecting our tax money to help billionaires.

poobisok.bsky.social•86 days ago

gengiskhan.bsky.social•86 days ago

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