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Trump Grants Himself a Bank
Article by Marc Jarsulic Gerald Epstein republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
President Donald Trump delivers remarks as he is joined by (L-R, front) Chairman of the US Securities and Exchange Commission (SEC) Paul Atkins, Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, and Chairman of the NYSE and CEO of Intercontinental Exchange Jeffrey Sprecher, during a summit of crypto and technology leaders in the Roosevelt Room of the White House on August 19, 2026 in Washington, DC. (Photo by Alex Wong/Getty Images)
Whatever level of outrage there is over this example of Trump’s corruption and conflict of interests, it’s likely not enough.
The Trump family has made a fortune from its crypto business. By granting his business a bank charter, the Office of the Comptroller of the Currency (OCC) in the Treasury Department has acted to help him, his family, and possibly one Middle Eastern spymaster make more money.
It is widely recognized that the OCC’s decision is laden with conflicts of interest. But there is more to it than self-dealing and self-enrichment. If implemented, the decision also corrupts the US economy by allowing criminals, terrorists and rogue states access to the payments system—the basic plumbing—used by regulated banks. It also creates conditions for crypto firms to maneuver for a federal bailout should their businesses start to fail.
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The Trump family has a significant ownership interest in World Liberty Financial, a company that among other things issues the USD1 “stablecoin.” In 2025 Trump alone reported earning $536.4 million from WLF. Even this sum does not include income that may be going to Trumps’ family, or to the family of his emissary Steve Witkoff, which also have interests in WLF. Nor does it include income which may be going to Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates spy chief, whose investment company owns a 49 percent equity share of WLF.
Not satisfied with that haul, WLF has obtained a trust bank charter from the OCC, which will be used to house its stablecoin business.
This will give WLF important new advantages.
First, a trust charter eases the way for the WLF stablecoin business to obtain a “master account” at the Federal Reserve, which are used by banks to hold and transfer dollars electronically. If a master account is granted, dollar payments into and out of USD1 can go through that system. This will lower USD1 costs, since it will not need to use a commercial bank to transfer funds.
Second, it will create a halo effect for USD1, enhancing its legitimacy and perceived safety. A “trust bank” sounds like something that comes with the regulations, supervision, and guarantees that make commercial banks a safe place for retail depositors. But that is not true. Trust banks do not take deposits or make loans, are not federally insured, and are not eligible for lending from the Federal Reserve.
The conflicts of interest in granting a bank charter to WLF are apparent. The OCC—which a Trump executive order claims is completely controlled by him—has granted a bank charter to a firm which makes him money and will act as the supposed supervisor of that bank.
Bad as this seems, there are harms beyond the self-dealing and self-enrichment involved in granting this charter. Giving any stablecoin or crypto currency firm access to a master account invites illicit use of the regulated financial system which we all depend on.
The Tether stablecoin, for example, has featured in international criminal cases, and has frequently been used by financial fraudsters laundering money, by countries such as Iran and Russia evading sanctions, and by terrorist networks. A record $158 billion of crypto tokens were sent to criminal wallets in 2025, a 145% increase from the previous years.
This risk has been recognized by the Federal Reserve in the past. According to guidance released by the Board of Governors in 2022, master accounts should not go to entities that create an undue risk to the economy by “facilitating activities such as money laundering, terrorism financing, fraud, cybercrimes, economic or trade sanctions violations, or other illicit activities”. It is not at all clear why any stablecoin or other crypto currency is not, on the face of it, ineligible under these and other parts of the BOG guidance. In fact, Federal Reserve Governor Michael Barr has objected to the creation of this class of account because it does not provide sufficiently specific and robust safeguards to protect against their being used for money laundering and terrorist financing by institutions the Fed does not supervise.
There is another alarming outcome that may result from giving bank charters to crypto firms. The halo effect—which may lead stablecoin users to believe they have federal protection—could be used by WLF and other crypto firms to provide political cover for a federal bail-out if their businesses were failing.
There would be no legal basis for such a bailout. But would this administration, and the OCC which it claims to control completely, look for a way to provide a bailout that protected their crypto firm wealth? That may seem unlikely, but so did a $1.8 billion fund to benefit January 6 rioters and other political favorites.
The OCC and the Federal Reserve are failing in their duty to protect the public and the economy from potential harm that can flow from crypto firms like WLF. A responsible Congress would intervene to stop it.
Marc Jarsulic and Gerald Epstein are economists and among dozens of expert contributors to Game Changers: Economic Policies for a Working America, a project of the Political Economy Research Institute, UMass Amherst. The ideas in this article are developed in their paper “No More Bailouts,” available on the Game Changers website.
Article by Marc Jarsulic Gerald Epstein republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
dizzy: This article mentions the Tether stablecoin. The Reform UK and Nigel Farage sponsor Chakrit Sakunkrit / Christopher Harborne has involvement in the Tether stablecoin as well as many defence companies.
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Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
19 September 2026
‘Straight Out of the Authoritarian Playbook’: Trump Bans CNN, MSNOW, and Politico From White House
Article by Stephen Prager republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
US President Donald Trump speaks to reporters about healthcare in the Oval Office at the White House on September 18, 2026, in Washington, DC. (Photo by Chip Somodevilla/Getty Images)
One press freedom advocate said it was “difficult to imagine a more blatant violation of the First Amendment.”
In one of his most direct assaults on the First Amendment, President Donald Trump announced in a Friday afternoon tirade that he would ban CNN, MSNOW (formerly MSNBC), and Politico from the White House.
“I am proud to announce that, effective immediately, I am banning Fake News CNN, MSNOW… and Politico from the White House as a result of their constant ‘reporting’ FAKE NEWS!” the president wrote in a rambling Truth Social post.
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“Media Outlets shouldn’t be able to constantly write or report FICTION and LIES when they’re covering the President of the United States, the Trump Administration, or the United States of America,” he added, though he did not specify any particular reports he objected to. He added that bans on “Other Fake News Media Outlets” would soon follow.
Trump announces he is banning CNN, MSNOW, and Politico from the White House in a blatant violation of the First Amendment of the US Constitution. pic.twitter.com/W0qSqpO2HU
— Headquarters (@HQNewsNow) September 18, 2026

Trump, who has long portrayed himself as a defender of free speech, has taken unprecedented actions to censor news outlets during his second term, including threatening networks’ broadcast licenses through the Federal Communications Commission over unfavorable programming.
As of Friday afternoon, it’s unclear whether Trump actually plans to follow through on his White House ban.
Reacting to the news on the air, CNN anchor Brian Stelter said that the network’s reporting team “remains at the White House working just like a usual normal Friday afternoon.” He added that “right now, there is no indication that the administration is taking any steps to actually follow through on his threat.”
“Certainly, if there is an attempt to remove journalists from the White House, well, our cameras are rolling. I think viewers will see it happen,” he said.
“CNN stands fully behind our White House team and their fair and accurate reporting,” the network said in a statement following news of the ban. “We have a right under the US Constitution to do that reporting without hindrance or interference from the government.”
Stelter: CNN's team remains at the White House working just like a usual normal Friday afternoon. Right now, there is no indication that the administration is taking any steps to actually follow through on his threat. pic.twitter.com/HfWAVkveuC
— Acyn (@Acyn) September 18, 2026

Bruce D. Brown, the president of the Reporters Committee for Freedom of the Press, told Common Dreams in an email Friday that simply banning news organizations from the White House over the content of their reporting “would be flatly unconstitutional.”
“The First Amendment is clear that once the White House invites in some journalists, it can’t ban others because it doesn’t like their reporting,” he said. “This is textbook viewpoint discrimination and will be quickly struck down by the courts if challenged.”
Federal courts have previously struck down attempts by Trump to bar certain press outlets on First Amendment grounds. Last year, a judge ruled that Trump’s removal of the Associated Press from the White House press pool for its refusal to adopt the name “Gulf of America” for the Gulf of Mexico was an unconstitutional form of viewpoint discrimination.
Defense Secretary Pete Hegseth’s rule banning reporters from obtaining information not authorized by the Pentagon, which led dozens of journalists to turn over their press badges and walk out of the building in protest, was also struck down as a violation of press freedom.
In light of these previous failures, Jameel Jaffer, the executive director of the Knight First Amendment Institute at Columbia University, expressed bewilderment that Trump was once again trying to ban news outlets from the White House.
“With so many courts having ruled against him on exactly this point, you’d think President Trump would have learned this lesson by now,” he said in a statement.
Seth Stern, chief of advocacy at the Freedom of the Press Foundation, agreed it was “difficult to imagine a more blatant violation of the First Amendment than Trump banning news outlets from the People’s House for criticizing the government.”
“It’s also hard to imagine a dumber move,” he said. “The historically unpopular president has been retaliating against the press for years, but it hasn’t helped him. The press keeps exposing his corruption and his failures. These outrageous attacks only demonstrate how scared he is of an informed public.”
He added that the press must “fight back to protect their rights, not only to access the White House but to access the public records and whistleblowers this administration so desperately wants to keep from them.
Trump’s announcement was met with outrage from Democrats in Congress, who described it as an assault on a basic constitutional freedom.
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances." https://t.co/MH8wMjMZv6
— Mark Warner (@MarkWarner) September 18, 2026

Sen. Mark Warner (D-Va.) responded to the news simply by posting the full text of the First Amendment on X.
“Fascist and communist governments limit press access to only favorable outlets, persecute journalists, and suppress truthful reporting,” said Rep. Jim McGovern (D-Mass.) in a post to social media. “Trump’s administration is doing all of that.”
Sen. Ruben Gallego (D-Ariz.) agreed the move was “straight out of the authoritarian playbook.”
Article by Stephen Prager republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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19 September 2026
Hundreds Set to Defy Palestine Action Ban at Labour Party Conference
https://novaramedia.com/2026/09/18/hundreds-set-to-defy-palestine-action-ban-at-labour-party-conference/
Peter Speller/Sipa USA
Campaigners hope to pressure Andy Burnham into reversing proscription.
Hundreds of people will hold signs reading ‘I oppose genocide, I support Palestine Action’ outside the first Labour party conference since Andy Burnham came to power, campaigners have said.
The action – planned by Defend Our Juries (DOJ) for the opening day of the Liverpool conference on 27 September – is expected to result in mass arrests.
Since its proscription in July 2025 under Keir Starmer’s leadership, police have arrested more than 3,600 people for showing support for Palestine Action. Officers have carried away hundreds of elderly and disabled people, as well as teachers, doctors and religious leaders.
The upcoming action is intended to put pressure on the new prime minister to depart from Keir Starmer’s policy of denying the genocide in Gaza and treating domestic dissent as terrorism.
Campaigners note that an increasing number of Palestine Action activists are facing terrorism-related sentencing provisions in British courtrooms, despite not being charged with terrorism offences.
…
Article continues at https://novaramedia.com/2026/09/18/hundreds-set-to-defy-palestine-action-ban-at-labour-party-conference/
Keir Starmer objects to criticism of the IDF. He asks how could anyone object to them starving people to death, forced marches like the Nazis did, bombing Gaza’s hospitals and universities, mass-murdering journalists, healthworkers and starving people queuing for food, killing and raping prisoners and murdering children. He calls for people to stop obstructing his genocide for Israel. New Labour UK Prime Minister Andy Burnham continues Labour party policy of active support and complicity in Israel’s genocide.
UK Prime Minister Andy Burnham admits to blatently lying and engaging in deception to become leader of the UK Labour Party and Prime Minister.
Vote Labour for Genocide.
18 September 2026
Trump Admin Jailing ‘Random Somali Immigrants With No Criminal Record’ at Guantánamo
Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
Legal immigrant Adam Abdullah of St. Paul, Minnesota was arrested during the Trump administration’s deadly Operation Metro Surge crackdown and is now being held at the notorious Guantánamo Bay prison. (Photo by handout/Sahan Journal)
“Nobody tell us that we’re going to Guantánamo Bay,” said one victim. “Just like kidnapping.”
Anger is growing this week as more details emerge about the Trump administration’s detention of Somali immigrants at Guantánamo Bay, including people with no criminal records and, in at least one case, a legal US resident.
At least eight Somali men are being held at the notorious US military base in Cuba, while as many as 12 Somali deportees have passed through the facility in recent weeks, according to Sahan Journal. Seven of those still there are being held at Camp 6, which was originally opened under the George W. Bush administration during the so-called War on Terror to imprison men and at least one child in a facility rife with torture and other abuse.
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“I never expected to be arrested in a prison established for the terrorists who I fled from,” 31-year-old Hassan Abdi Abtidoon told Sahan Journal’s Mohamud Farah on Tuesday.
Among the other Somalis held at Guantánamo is 31-year-old Adam Abdullah, a St. Paul, Minnesota, resident who came to the United States as a legal asylum seeker in 2023. Abdullah had a work permit and Social Security number, operated an auto repair business, and had no criminal record, according to Minnesota court records. His past involvement with law enforcement appeared to include nothing more than two parking tickets.
US Immigration and Customs Enforcement (ICE) agents arrested Abdullah in December during the Trump administration’s deadly Operation Metro Surge campaign, which targeted Minnesota’s large Somali community amid widespread racist demonization and dehumanization by Republicans, including President Donald Trump.
After months of detention in Minnesota, Kentucky, and Louisiana, Abdullah said officials told him he was being deported to Somalia.
“From Miami, they say, ‘OK, now we go to Somalia. Then, first we go to Cuba for refueling, and then we go to some other countries to Somalia,’” Abdullah told Minnesota Public Radio (MPR) earlier this month.
The flight never left Cuba. Abdullah was taken to Camp 6, where he has remained.
Another Somali detainee, Sakariye Abdi Mohamed, described Camp 6 as “the worst place ever I’ve been in my life.”
Mother Jones reported Wednesday that Mohamed was one of 12 Somali men forced onto a plane last month by ICE agents, who told them they were being deported to Somalia.
“Nobody tell us that we’re going to Guantánamo Bay,” Mohamed said. “Just like kidnapping.”
This is APPALLING. The Trump administration is detaining multiple random Somali immigrants with no criminal record at Guantanamo Bay, seemingly because the White House ordered ICE specifically to detain Somalis at Gitmo as part of its effort to punish an ethnic group Trump has attacked.
— Aaron Reichlin-Melnick (@reichlinmelnick.bsky.social) 2026-09-16T19:35:58.619Z

Seven or eight of the men reportedly remain at Guantánamo, where some of them have described being shackled and subjected to frigid temperatures. Detainees also said they are subjected to constant surveillance, including cameras inside bathrooms.
The US Department of Homeland Security claimed the flight included “some of the worst of the worst” with criminal histories including assault, weapons offenses, robbery, theft, drug charges, and drunken driving.
However, Sahan Journal reported that the attorney for six of the eight detainees had found that all had final deportation orders but no additional criminal charges. Four were recent asylum seekers, and two had lived in the United States for decades.
“The administration says we send the worst of the worst to Guantánamo,” US Sen. Tina Smith (D-Minn.) told MPR Wednesday. “Yet in the case of Mr. Abdullah, there has been no evidence presented about what he has done, no explanation for why he has been detained. I mean, there is really has been no due process.”
The Trump administration’s use of Guantánamo for immigration detention is not unprecedented. The facility—which experts have placed within the centuries-long story of American concentration camps—has a long history as an offshore immigration detention site that predates the post-9/11 military prison camp.
During the George H.W. Bush administration, thousands of Haitian refugees fleeing political violence were intercepted at sea and taken to Guantánamo. The Clinton administration continued the policy and, at its peak in 1994, roughly 14,300 Haitians were held there. Clinton officials subsequently used Guantánamo for Cuban migrants, more than 30,000 of whom were jailed at the base.
The treatment of Somali immigrants at Guantánamo has also drawn renewed criticism regarding who has and has not been targeted for deportation from the United States.
Human rights activist Suleiman Bolaleh, who has documented atrocities committed under former US-backed Somali President Mohamed Siad Barre, noted in a recent social media post that Somali immigrants with no criminal records are being rounded up and sent to Guantánamo, while members of the former dictatorship’s ruling family and senior figures have lived in the United States.
“Men once positioned at the heart of a regime accused of mass killings, war crimes, and ethnic cleansing continue to reside openly in American communities,” Bolaleh wrote. “The contrast is jarring: An immigrant [who] has no criminal record is detained at Guantánamo, while figures tied to that dictatorship’s violent apparatus remain unexamined and unaccountable.”
Multiple legal challenges to the Trump administration’s use of Guantánamo Bay for immigrant detention have been launched.
Meanwhile, the longstanding habeas litigation involving War on Terror detainees at Guantánamo continues. In May, Somali national Guled Hassan Duran—who has been held at Guantánamo since 2006 without being charged—asked a federal court to order his release after years of inaction on his habeas petition.
Duran was approved for release by senior US officials in 2021, but remains imprisoned at Guantánamo along with 14 other men—none of whom has ever been convicted of any terrorism-related crimes. Former Bush administration and US military officials have said that most of the men and boys who were ever imprisoned at Guantánamo were innocent, and that senior administration officials knew it but kept them locked up for political purposes.
Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
18 September 2026
Trump officials move to dismantle key protection for US endangered species
https://www.theguardian.com/us-news/2026/sep/17/endangered-species-trump-officials
Bowhead whales in shallow water in the Sea of Okhotsk. Photograph: Nature Picture Library/Alamy
Fish and Wildlife Service memo calls for change in what it means to ‘take’ an endangered species
More than 1,600 critically imperiled species protected under the US Endangered Species Act (ESA) face losing further federal protections following a new reinterpretation of the 1973 law by the Donald Trump administration.
A September 14 memo distributed to Fish and Wildlife Service (FWS) field offices by FWS director Brian Nesvik calls for a reinterpretation of what it means to “take” an endangered species. Under the ESA, “take” is defined as “to harass, harm, pursue, hunt, shoot, wound, kill, trap, capture, or collect, or to attempt to engage in any such conduct”.
The memo, obtained and shared by the Center for Biological Diversity, reinterprets the law to mean that harming or killing an endangered animal would no longer be considered illegal unless the action was specifically intended to cause harm or death.
“A vessel that inadvertently strikes a whale has not taken it, because the vessel’s course was not set against the whale,” the memo said, adding: “Felling a tree is not a take of the bats roosting in it unless the tree is felled for the purpose of killing or capturing them.”
The reinterpretation effectively excludes economic activities such as logging, mining and industrial development from the ESA’s prohibition on “take” when those activities foreseeably kill or injure wildlife without intentionally targeting them.
…
Article continues at https://www.theguardian.com/us-news/2026/sep/17/endangered-species-trump-officials
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
18 September 2026