August 7, 2025

Lever Time: Your 401(k) Is Billionaires’ Next Bailout Scheme

Lever Time
Lever Time
Lever Time: Your 401(k) Is Billionaires’ Next Bailout Scheme
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In a composite image, a broken piggy bank is overlaid on images of JD Vance and Marjorie Taylor Green. (Pexels/Dovis, AP Photo/Rod Lamkey, Jr. & Angelina Katsanis)

President Trump could bail out private equity companies — by letting them loot your retirement plan.

The Trump administration appears ready to sign an executive order that would allow private equity firms to prey on Americans’ retirement savings. What happens if Wall Street can suddenly tap into the trillions of dollars tucked away in 401(k) accounts?

On Lever Time, David Sirota speaks with former federal regulator Ted Siedle and economist Eileen Appelbaum to understand what private equity could do to Americans’ hard-earned retirement funds — and how you can protect your money.

First aired on Lever Time.

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