politics2 hours ago
GloriFi’s Collapse Links Ramaswamy and Jackson to MAGA Banking Failures
GloriFi, a digital bank launched in 2022 as an 'anti-woke' financial hub for MAGA supporters, is facing severe financial difficulties. The institution, which planned to issue credit cards made from shell casing metal, attracted major backing from right-wing billionaires including Peter Thiel, Ken Griffin, and Jeff Sprecher. It also secured investment from Vivek Ramaswamy and Rick Jackson, who are currently running for governor in Ohio and Georgia, respectively. The New York Times reports that the bank's initial prominence has faded, leaving its high-profile investors entangled in its financial woes.