🚨 SWAMP WATCH !! 🚨 Trump installs Deep State Law Firm Partner as Director of National Intelligence Sullivan & Cromwell sits at the top of Corporate-Regulatory Capture, the nexus of crony-capitalism. Jay Clayton worked at Sullivan & Cromwell WHILE the Deep State Crony Firm worked to cover up the FTX and Sam Bankman Fried fraud scandal. He will now head to his new job as the Director of National Intelligence with the Trump administration. Jay Clayton is a retired Head partner at THE TOP Deep State Law Firm on the planet, Sullivan & Cromwell. Sullivan & Cromwell has long existed at the nexus of Government and the Private Sector, most notably by way of the Dulles brothers, Allen and John Foster Dulles. Before joining the Eisenhower administration as CIA Director and Secretary of State respectively, the Dulles brothers were top lawyers at Sullivan & Cromwell. the Dulles brothers leveraged their powerful positions to intertwine Wall Street wealth with covert foreign intelligence operations. They laid the groundwork for the modern national security and "deep state" apparatus. Sullivan & Cromwell essentially invented the practice of the "revolving door" of private sector alumni being given influential positions in the federal government. The firm regularly hires from, and feeds back into, the U.S. Department of Justice. For example, former S&C attorneys leave to join DOJ's criminal division, only to return to the firm's Criminal Defense and Investigations group. Though they sometimes secure high-profile insider trading and financial crime convictions, those convictions are the exception, rather than the rule. By employing former government officials, S&C gains an inside perspective on how regulatory agencies investigate corporate fraud and antitrust matters. The revolving door strategy has positioned S&C as the go-to firm for massive Wall Street institutions and major corporations facing federal scrutiny, high-stakes litigation, and complex bankruptcies. Sullivan & Cromwell's revolving door installation creates structural conflicts of interest. The close relationships forged between former S&C partners now serving in regulatory roles and their former colleagues at the firm leads to regulatory capture BY PRIVATE CORPORATIONS, where agencies are seen as too lenient on powerful financial entities. For example, the firm played an outsize role in guiding major banks through the 2008 financial crisis bailouts. More recently, these deep institutional ties have shaped outcomes in favor of corporate interests vis-a-vis crypto-related bankruptcies. Ryne Miller, a former Sullivan & Cromwell partner, became General Counsel of FTX. Sullivan & Cromwell’s conflicts in the FTX case were stunning. Sullivan & Cromwell had not only previously represented Sam Bankman-Fried, who was convicted in November 2023 on seven counts of fraud and conspiracy, but it had also previously represented the Head of Engineering at FTX, Nishad Singh, who pleaded guilty to fraud charges. According to Sullivan & Cromwell’s own bankruptcy court declaration, it was involved in at least 20 legal engagements for FTX before the scandal-plagued crypto scammers filed for bankruptcy on November 11, 2022. The FTX and Sam Bankman Fried case is an Object Lesson in Regulatory Capture: Sullivan & Cromwell, which served as FTX’s legal advisors BEFORE THEIR COLLAPSE, sought to be appointed to oversee investigations INTO the collapse of FTX. According to the declaration, the law firm’s legal work began 15 months prior to the collapse of FTX. This brings us back to Jay Clayton. Clayton officially rejoined Sullivan & Cromwell in February 2021 as a Senior Policy Advisor. Clayton surely was read in on the fraud. Crypto & Finance isn't the only sector S&C has captured. For example, Michael G. DeSombre, Assistant Secretary of State for East Asian and Pacific Affairs, represented Budweiser APAC – the largest beer company in the Asia-Pacific region – as a lawyer at Sullivan & Cromwell. Stay tuned to @NationalFile for more news on The Swamp!