Scaramucci says Trump acts like a fascist, warns US system is breaking

1 min read     Updated on 16 Aug 2026, 12:47 PM
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AI Summary

Anthony Scaramucci accused Donald Trump of acting like a fascist and warned that the US is very close to breaking its decentralized system. He called for post-partisan leadership as Democratic lawmakers intensified their focus on alleged corruption. Senator Chuck Schumer cited allegations of $100,000 monthly payments for Truth Social access, while Senator Elizabeth Warren highlighted $1 million in inauguration donations from United Airlines and Delta Air Lines. House Democrats also launched an End Corruption Caucus to address dark money and lobbying influence.

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Anthony Scaramucci warned that the United States is nearing a dangerous institutional breaking point, accusing Donald Trump of authoritarian behavior and calling for a post-partisan political reset. The former White House communications director made the comments on Saturday via X, arguing that the country’s founders designed a decentralized system to prevent power concentration, which he claims is now under threat.

Scaramucci Warns Of Authoritarian Power

Scaramucci argued that authoritarian leadership creates a "funnel at the top," benefiting those involved in corruption who then defend the system. He stated that corruption is only perceived as bad by those not involved in it.

"He acts like a fascist," Scaramucci wrote regarding Trump, adding that Americans have pushed back and that Trump’s poll numbers have declined. Despite these criticisms, he noted that safeguards remain capable of preventing the worst outcomes, though he warned the system is fragile.

Call For Forward Leadership

Scaramucci advocated for "forward, formative, post-partisan leadership" focused on rebuilding institutions rather than advancing ideological divisions. He emphasized that neither left nor right is the solution, asserting that moving forward is the only direction that matters currently.

Democrats Intensify Corruption Criticism

Democratic lawmakers have escalated their scrutiny of potential wrongdoing within the administration. Senator Chuck Schumer (D-N.Y.) alleged that trading firms paid up to $100,000 a month for early access to Trump’s Truth Social posts, suggesting such conduct could lead to jail time for a private-company CEO.

Senator Elizabeth Warren (D-Mass.) criticized the administration’s airline policies, pointing to $1 million donations from United Airlines and Delta Air Lines to Trump’s inauguration fund. She argued that the administration moved to roll back consumer protections, although a separate flight-cancellation compensation rule remained in effect.

In the House, Representatives Alexandria Ocasio-Cortez (D-N.Y.), Jason Crow (D-Colo.), and Mike Levin (D-Calif.) launched an "End Corruption Caucus." The group focuses on dark money, corporate PACs, lobbying restrictions, government accountability, and foreign election interference. Crow stated that corruption is poisoning politics, while Ocasio-Cortez blamed big-money influence for declining public trust in government.

How might the formation of the 'End Corruption Caucus' influence upcoming legislative priorities regarding lobbying restrictions and campaign finance reform?

What specific regulatory actions could the Department of Justice take regarding the alleged payments to Trump’s Truth Social by trading firms?

Could Scaramucci's call for post-partisan leadership gain traction among moderate voters, potentially shifting the political landscape in the next midterm elections?

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Scaramucci advises surrounding yourself with talented people to grow

1 min read     Updated on 16 Aug 2026, 01:07 AM
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Reviewed by
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AI Summary

SkyBridge Capital founder Anthony Scaramucci, on a May 5 podcast, advised younger listeners to hang out with great people, saying individuals are a weighted average of the five people they spend time with. He cited his 40-year partnership with SkyBridge Capital President and CEO Brett Messing as an example of embracing rather than resenting more talented peers. Scaramucci co-founded Oscar Capital Management before launching SkyBridge Capital in 2005, and has authored books including "Solana Rising: Investing in the Fast Lane of Crypto" and "The Little Book of Bitcoin." His estimated net worth stands at $150 million, with over 70% invested in Bitcoin.

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SkyBridge Capital founder Anthony Scaramucci, appearing on a May 5 podcast with Jimmy McLoughlin, offered career advice centred on the importance of surrounding oneself with talented people. He described individuals as a "weighted average" of the five people they spend time with, arguing that the quality of one's circle directly shapes personal and professional outcomes.

Great people lift you, says Scaramucci

"If you hang out with great people, they're going to lift you. If you hang out with idiots, they're going to sink you," said Scaramucci, who previously worked as an investment banker at Goldman Sachs. The advice was directed particularly at younger listeners, framing peer selection as a deliberate and consequential choice.

Gratitude over insecurity around talented peers

Scaramucci drew on his long-standing professional relationship with Brett Messing, President and CEO of SkyBridge Capital, to illustrate his point. "We've known each other for 40 years. He's been my business partner twice on two different occasions," Scaramucci said. "He is so much better than me at so many different things."

Rather than viewing such a dynamic as a source of discomfort, Scaramucci said the right response is appreciation. "Rather than be upset at that, be like, 'Thank God for that,'" he stated. He emphasised that the crucial part is not to get insecure in the company of talented people.

Professional milestones

The following table outlines key milestones from Scaramucci's career as described in the source:

Milestone: Details
Oscar Capital Management: Co-founded; sold to Neuberger Berman in 2001
SkyBridge Capital: Launched in 2005
Books authored: "Solana Rising: Investing in the Fast Lane of Crypto"; "The Little Book of Bitcoin"
Estimated net worth: $150 million (per Celebrity Net Worth)
Bitcoin allocation: Over 70% of net worth invested in Bitcoin

Before launching SkyBridge Capital in 2005, Scaramucci co-founded Oscar Capital Management, which was subsequently sold to Neuberger Berman in 2001. He has also authored several books, including "Solana Rising: Investing in the Fast Lane of Crypto" and "The Little Book of Bitcoin." According to Celebrity Net Worth, his wealth is estimated at $150 million, with over 70% of his net worth invested in Bitcoin.

How might Scaramucci's emphasis on peer selection influence talent acquisition strategies at SkyBridge Capital in the evolving crypto market?

Given his heavy Bitcoin allocation, does Scaramucci advise younger investors to prioritize crypto-focused networks over traditional finance circles?

What impact could this 'weighted average' philosophy have on the broader fintech industry's approach to mentorship and team building?

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