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Thursday, March 14, 2024

That's Convenient: Hours After House Votes To Force TikTok Sale, Mnuchin Announces He Wants To Buy

From the Daily Mail: "Trump's Treasury Secretary Steve Mnuchin wants to buy TikTok as it faces U.S. ban." Yesterday, the House of Representatives approved a bill that would require the owner of TikTok, Chinese company Byte Dance (but, in reality, controlled by the CCP), to divest itself of TikTok in order for TikTok to continue operations in the U.S. The bill likely won't have an easy time in the Senate, but Biden has promised to sign it into law if it should come across his desk. 

    Former Treasury Secretary Steve Mnuchin revealed today that he is assembling a group of investors to buy TikTok. Mnuchin is, as you would expect, a member of the small-hat tribe. He is also an alum of Yale (including the Skull and Bones club) and Goldman Sachs (where his father was a general partner). He served on the board of a couple retailers that spectacularly imploded (Kmart and Sears)--he was subsequently sued for stripping Sears of assets, which claim was settled for $175 million. He took advantage of the 2007-2008 financial crises to buy a bank (IndyMac) for pennies on the billions of dollars that had been foreclosed upon by the FDIC, changed its name to OneWest, and added other banks to its portfolio during that time. It was later discovered that under his tenure OneWest had engaged in more than 1,000 violations of foreclosure of tenure. But then-prosecutor Kamala Harris decided not to prosecute. He has partnered with or worked for George Soros on various occasions. 

    If the foregoing is not enough to convince you that world control is a small club, this might. Per CNBC:

    “I think the legislation should pass and I think it should be sold,” Mnuchin, who leads Liberty Strategic Capital, told CNBC’s “Squawk Box” on Thursday. “It’s a great business and I’m going to put together a group to buy TikTok.”

    There is common ground between Liberty and ByteDance. Masa Son’s SoftBank Vision Fund invested in ByteDance in 2018, and is also a limited partner in Mnuchin’s Liberty Strategic.

2 comments:

  1. Y'know, at some point we're going to have to put Guido under contract and buy him airline tickets.

    ReplyDelete