Photo: ANDREW HARNIK/Getty Images via AFP
Photo: ANDREW HARNIK/Getty Images via AFP
The administration delivers a win for financial crooks at the expense of honest businesses.
First published in The Atlantic on August 16, 2026.
by David Frum, The Atlantic
August 20, 2026
| reading time: 5 Min.
“Many secrets; no mysteries.” That’s the master code of the Trump administration. When it does something strange, there’s never any mystery as to why: Somebody close to the president, or possibly the president and his family themselves, intends to score a dishonest dollar. Exactly who and how may be secret. Exactly why is no mystery.












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