Key payment systems ‘under siege’ by Trump administration, experts warn

Ex-treasury secretaries caution against administration’s subversion of checks and balances, specifically Musk

A group of five former US treasury secretaries are warning that the Trump administration has put the country’s key payment systems “under siege” and is undermining the checks and balances of the federal government.

The secretaries warned that the administration has compromised roles historically given to nonpartisan career civil servants and have replaced them with “political actors”, according to a New York Times op-ed published on Monday. The secretaries specifically called into question Elon Musk’s so-called “department of government efficiency”, or Doge, and the appointees that Musk has installed within agencies, including the treasury department.

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Geithner’s Grift, Paydays, and Democratic Drift

Former U.S. Treasury Secretary Timothy Geithner discusses his book Stress Test: Reflections on Financial Crises during the Politico Playbook Lunch at The Hamilton May 19, 2014 in Washington, D.C. What does it mean when Timothy Geithner, Barack Obama's bro-ish and apparently self-satisfied former Secretary of the Treasury, becomes president of a company that hoodwinks the victims of the financial system he helped rescue? If you care about economic justice, or if you want the Democratic Party to win more elections, the answer is: more than you might think.