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Monday, January 26, 2026

Another Embarrassing Shoe Set to Drop for Trump and His Lawyers

Courtesy of Pam Martens

Senator Elizabeth Warren Grills Treasury Secretary Stephen Mnuchin on His Flip Flop on Reinstating the Glass-Steagall Act

Senator Elizabeth Warren

Two of the most intuitive members of Congress, Senator Elizabeth Warren and Congressman Elijah Cummings, sent a letter to the Comptroller General of the Government Accountability Office (GAO) all the way back on November 23, 2016 demanding an investigation of President-elect Donald Trump’s transition team expenditures, business conflicts and communications with foreign leaders. If the duo had been peering into a crystal ball, they couldn’t have delivered a more prescient recital of today’s unprecedented train wreck in the White House.

The GAO report is set for draft release to relevant Federal agencies this month. Expect leaks before its official public release.

The GAO is the nonpartisan Congressional watchdog that investigates, at the beckoning of members of Congress, how the Federal government spends taxpayer dollars. GAO says its mission is to “provide Congress with timely information that is objective, fact-based, nonpartisan, nonideological, fair, and balanced.” For the most part, it succeeds in its mission although Wall Street On Parade has noticed a certain timidity creeping into its work.

The November Warren/Cummings letter read in part:

“Mr. Trump currently serves as the Chairman and President of the Trump Organization, a ‘sprawling’ international real estate conglomerate with ‘deep ties to global financiers [and] foreign politicians.’ According to public reports, the Trump Organization has ‘deep [business] connections’ to countries like China, Libya, and Turkey and may expand into Ukraine and Russia. Several weeks ago, the general counsel for the Trump Organization, Michael Cohen, claimed that Mr. Trump is ‘not interested in the company anymore.’

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