Former Interim Speaker of the House Patrick McHenry served on a political panel this morning. The host did not share any information about McHenry's current work, where his Congressional service to TechGods and private equity underwriters (PEU) has paid off.
McHenry has at least nine high paying gigs. Lazard and a16z represent the old bastion (PEU) and new (TechGod) guard of finance. McHenry is Senior Advisor at both.
His other Senior Advisor roles are with Stripe, Equipifi and the Coalition for Prediction Markets.
McHenry is on the Advisory Board for BGR Group a D.C. based lobbying firm that specializes in big money and high tech. BGR lobbies for McHenry's a16z.
Other roles include Vice Chairman for Ondo Finance, a blockchain/tokenized securities fintech. He is also on the Board of Directors for a digital bank, LiveOak Bank, which aims to be America's small business bank.
That should give McHenry a unique perspective when looking at a16z's fintech Synapse collapse.
"the amount of the “shortfall” in customer funds was between $65 million and $95 million"Marc Andreessen's a16z walked away from Synapse carcass with nary a peep or care. The Consumer Financial Protection Bureau (CFPB) set aside $46 million for jilted account holders. Trump II has the CFPB in his sights for disruption and dismantling, a move likely applauded by TechGods and PEUs.
McHenry is working hard and raking in the green, all for his and his numerous employers' behalf. There is little left for the common person, no service, no protection, no voice, no advocacy and no recourse after these guys jack stuff up.
Politicians Red & Blue love PEU and their new TechGod brethren. Increasingly, more are one.
