ZeroHedge reported on a White House dinner with Wall Street executives to be held this evening. The guest list includes private equity underwriters (PEU):
Invited guests include JPMorgan Chase CEO Jamie Dimon, Nasdaq’s Adena Friedman (former CFO for The Carlyle Group), Blackstone’s Stephen Schwarzman, Morgan Stanley’s Ted Pick, BlackRock’s Larry Fink, and Goldman Sachs’ David Solomon.Bankers and investors back Trump’s pro-growth agenda but remain uneasy about his tariffs, trade volatility, and pressure on the Federal Reserve.
Current Fed Chair Jerome Powell also worked for The Carlyle Group before moving on to another PEU. Trump nominated Powell for the job in his first term as President.
Possible Fed Chair nominee to replace Powell is Kevin Hassett. Kevin also has a private equity background having worked for Affinity Partners, Jared Kushner's PEU. Kushner is Trump II's son in law.
Hassett received a $192,040 salary for his work with Affinity Partners. Simultaneously, Kevin worked for the Milken Institute as Managing Director with a salary of $234,312.
Founder Michael Milken branded leveraged buyout organizations (LBO), which is the former name for what is now called private equity. Trump pardoned Milken, absolving the convicted Junk Bond King of his crimes.
Hassett received a salary from six other organizations, according to his financial disclosure form. Between the eight employers Hassett received $763,045 last year.
This is how the insider money funnel works. Big sums are thrown at the politically connected by multiple employers, each not expecting full time work production.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
The current Fed Chair is and the next one may be PEU as well
Update 11-13-25: When asked about the dinner Trump II's SBA Chief told CNBC "The government is there to support them."
That's billionaire PEU Legends and Wall Street CEOs. She avoided the fact that PEUs exported jobs by the tens of thousands under both Red (W. Bush) and Blue (Obama) administrations. It was clear to some by July 2011.
That was around the time child sex predator Jeffrey Epstein wrote accomplice Ghislaine Maxwell about Trump being "the dog that hadn't barked." (April 2011). It seems the government is there to support them too.
Maxwell enjoys extra perks in her country club federal prison as Trump II scrambles to prevent the full release of the government's Epstein files..
I imagine the public is not interested in steering more resources to policy making billionaires of the PEU or TechGod variety and voters are not keen on protecting pedophiles or their accomplices/enablers.
White House dinner invitee JP Morgan paid $365 million to date in Epstein related settlements for its role in financing Epstein's sexual crimes against children. PEU Apollo founder Leon Black provided $170 million to Epstein. This is the weave Trump II wants to hide.
Update 11-25-25: Kevin Hassett is at the front of the pack of five under consideration for the next Fed Chair. Noted stock trader and former Dallas Fed Chair Richard Fisher highlighted Hassett's frontrunner status.
