Skewing the System

August 4, 2026In a court filing on Friday, Capital One Bank stated that it had closed more than 380 of Trump and the Trump Organization’s bank accounts for anti-money laundering reasons, Trump and the Trump Organization had sued Capital One in federal court in Florida, Trump has rabidly attacked FBI and Justice Department officials who have extensive experience in investigating money laundering and organized crime, Sen Ron Wyden released a report saying that Wall Street banks held off on filing required suspicious activity reports on transactions associated with Jeffrey Epstein, The report describes how top banks enabled Epstein’s sex- trafficking operation by ignoring suspicious financial transactions, The report also points out that Republicans have blocked Wyden’s measure requiring Treasury to produce copies of all suspicious activity reports related to Epstein, The report asks for an investigation into the behavior of individual bankers as well as the banks, In the 1930s federal securities laws and banking regulations were passed to clean up Wall Street and create a level playing field, We are watching the dismantling of these protections and a skewing of the system toward the very wealthy.Watch today's recording here: https://www.youtube.com/live/g9TUa1Rwd6U?si=T8_KKcHQZElhpnZ-Get full, free access to Letters from an American here: https://heathercoxrichardson.substack.com/subscribeYou can also find me:Bluesky: https://bsky.app/profile/hcrichardson.bsky.socialInstagram: https://www.instagram.com/heathercoxrichardson/?hl=enFacebook: https://www.facebook.com/heathercoxrichardson/YouTube: https://www.youtube.com/@heathercoxrichardson Get full access to Letters from an American at heathercoxrichardson.substack.com/subscribe