Monday, March 17, 2025

New PEU Manchin, Crypto Advisor Sinema


Two former Blue Team Senators found private sector positions post-retirement.  Both showed their love for private equity underwriters (PEU) during their time in office.  Senator Joe Manchin is now one with his Advisor appointment at Apollo, as well as his board slot with Athene.
In 2022, Apollo merged with Athene

Senator Kyrsten Sinema joined Coinbase's Global Advisory Council, alongside Trump II, the digital Caligula's 2024 co-campaign manager.  I expected Sinema to land a PEU appointment by now given her significant water hauling on their behalf.  Kysten saved the widely hated PEU preferred taxation, doing so singlehandedly!  I guess the PEU boys really are an ungrateful bunch.

Biden's cabinet was chockful of PEUs when they came in, so it would be no surprise for them to return to the world of greed and leverage.  Trump's innovation is government workers don't need to leave their jobs.  One can remain a TechGod and work for Uncle Sam.  Outside gigs within government, bring them on!  Anybody need some TechSupport merch?  

Politicians Red and Blue love PEU and increasingly, more are one.  TechGods played a mean game of PEUmitation, after hearing the siren song of Uncle Sam's wallet.  For that, many of us suffer.