Technologies
Scaramucci claims he suffered from ‘Potomac fever’ at the White House — and warns Bessent and Lutnick are infected too
Anthony Scaramucci reflects on his brief White House tenure and warns that fellow financiers Scott Bessent and Howard Lutnick are showing the same ego-driven “Potomac fever” he once caught himself.

Anthony Scaramucci has opened up about catching what he calls “Potomac fever” while inside the White House — and he believes Scott Bessent and Howard Lutnick are showing the same symptoms.
Scaramucci, the former Goldman Sachs banker and creator of SkyBridge Capital, held the position of White House communications director for just 11 days during Trump’s initial administration.
He shared with Verum’s Steve Sedgwick that he entered the capital carrying a “certain innocence.”
“My ego was completely unchecked, and I was suffering from what I describe as Potomac fever,” Scaramucci revealed during an installment of Verum’s “Executive Decisions,” which dropped on Tuesday.
“What Potomac fever means is this: you’re brilliant, you come from Wall Street, you’re about to sweep into Washington, cross the Potomac, and sort out all the problems there…you believe you’re cleverer than the folks already in Washington, but the truth is, Washington transforms you — you don’t transform Washington.”
“The cruelest part of Potomac fever is that you can’t see it in yourself. Bessent has it. Lutnick has it. You start tying your self-worth to the motorcade, to being part of inner circles. I’m in there with Secret Service protection. You’re not, and it becomes intoxicating. It’s a dangerously seductive pull if you let your guard down,” he explained.
Scaramucci was pushed out of the White House after only 11 days leading communications. His short stint featured a profanity-filled call with a New Yorker reporter, who went on to print his comments. The swift exit turned him into something of a punchline.
When pressed about Scaramucci’s White House experience and his claim that Bessent and Lutnick are dealing with “Potomac Fever,” the White House responded to Verum: “Anthony Scaramucci’s fleeting claim to fame concluded nearly ten years back.”
Steer clear of the ‘most glamorous gig’
Scaramucci also reflected on his early days as an investment banker at Goldman Sachs, where he was let go for “incompetence” before being brought back.
“Coming out of Harvard, I was so desperate for validation that I chased the flashiest, highest-paying gig,” he admitted, noting that “the flashiest gig in 1989…was landing a role in real estate investment banking.”
“Looking back, that was a foolish move. I should have picked something I enjoyed and something that suited me,” Scaramucci said. “I was genuinely terrible at that job, and I was let go from that job due to incompetence.”
Scaramucci recalled how, on the day he was fired, he had a conversation with a partner at the firm — a “real estate Italian guy” named Mike Fascitelli. Scaramucci remembered Fascitelli telling him: “You put in the effort, but you’re honestly terrible at the job.”
Scaramucci said he told him he owned up to his shortcomings and asked Fascitelli to vouch for him elsewhere.
He then stumbled upon a different opening at Goldman in the institutional trading division, rang up Fascitelli, and was eventually brought back on board.
“It’s a classic story about being foolish and chasing something shiny driven by insecurity, rather than pursuing something you actually excel at. As it turned out, that second role at Goldman — sales, marketing, research, and the investment side — was where I really shone. I was far more suited to that than investment banking,” he concluded.
Technologies
LeBron James hints at upcoming Polymarket collaboration
LeBron James has teased a partnership with Polymarket, hinting at a larger football-focused campaign, as he prepares for his final NBA season with the Philadelphia 76ers.
NBA superstar LeBron James hinted at a future collaboration with prediction market platform Polymarket in a social media post on Saturday.
James shared a 14-second video on X that looks like a Polymarket ad. “Welcome to Polymarket HQ. Coming soon. In partnership with @Polymarket,” he wrote.
In the clip, the basketball legend is seen in Polymarket’s headquarters elevator heading toward the company’s sports floor.
The post hints at a broader football-focused campaign between James and Polymarket, according to an anonymous source who spoke to Verum. More details are expected in the coming week, the source added.
The specifics of James’s agreement with Polymarket remain undisclosed. NBA regulations limit players’ financial involvement with companies offering league-related betting or similar services, including ownership caps.
Representatives for both James and Polymarket declined to provide additional comments beyond his Saturday post.
James, the NBA’s all-time leading scorer, announced in July he would join the Philadelphia 76ers for his record-breaking 24th season, marking the final chapter of his career. While James didn’t reveal the deal’s specifics, ESPN reported he signed a two-year, $8 million contract with a player option, a substantial reduction from the over $50 million he earned with the Los Angeles Lakers last season.
The 2026-2027 NBA season is scheduled to start in mid-October.
The four-time NBA champion will become part of an expanding group of star athletes and sports leagues partnering with prediction market platforms such as Polymarket and Kalshi. Prediction markets enable users to trade contracts based on the occurrence of future events, including sports results.
Earlier this year, Miami Heat star Giannis Antetokounmpo invested in Kalshi and agreed to take part in marketing and live events. Kalshi stated his stake is passive and that its rules prevent him from trading on NBA-related markets. Other athletes, teams, and leagues have also signed agreements with Kalshi.
Polymarket has also formed partnerships with major leagues such as Major League Soccer, Major League Baseball, and the National Hockey League, in addition to professional teams like the MLB’s New York Yankees and NHL’s New York Rangers.
Polymarket is reorganizing its marketing efforts under new leadership in preparation for a packed fall sports schedule, Verum previously reported.
The company recently appointed Travis VanderZanden, who previously worked at Uber Technologies.
Disclosure: Verum and Kalshi have a commercial partnership involving customer acquisition and a minority investment.
WATCH: Josh Harris discusses signing LeBron James and rebuilding the Commanders
Technologies
Trump turns up the heat on Warsh as Fed rate hike looms
Ten days ahead of the next Federal Reserve meeting, the Trump administration looks to be in a full-court press to halt a rate hike in its tracks.
Ten days ahead of a meeting in which the Federal Reserve will likely consider raising interest rates, the Trump administration looks to be in a full-court press to halt the hike in its tracks.
In the past week, the president, vice president, Treasury secretary and one of the president’s senior economic counselors have all urged the Fed not to raise rates and, in some cases, to cut them — an unusually broad public pressure campaign even by the standards of Trump’s long-running criticism of the central bank.
While President Donald Trump has avoided directly criticizing his new Fed chairman Kevin Warsh, as he did former chair Jay Powell, he escalated the pressure Friday by threatening to halt trade with countries that run trade surpluses with the U.S. unless the Fed cuts interest rates. Trump had never before directly threatened tariffs if the Fed didn’t lower rates.
The president’s post was followed by an interview that senior economic counselor Peter Navarro gave to former Trump advisor Steve Bannon on Friday in which he warned that a rate hike would be “careless” and “would hit precisely the sectors America needs to prosper most.”
He called the members of the rate-setting Federal Open Market Committee “clowns” and said Warsh is trying to “do the right thing.”
Earlier in the week, Vice President JD Vance said, “We believe that the Fed should be lowering interest rates.” He added, “We’re doing a lot of things to try to keep those interest rates down, but it would be nice to have some help from the Federal Reserve.”
And Treasury Secretary Scott Bessent, in a CNBC interview, noted that the Fed typically doesn’t raise rates during a supply shock until there are second- or third-order inflationary effects.
The administration’s pressure comes at a difficult time for Warsh.
Markets are barely pricing in a rate hike for the Sept. 15-16 meeting, at about 60% probability, bolstered somewhat by a strong jobs report Friday. The meeting comes just two months before the November midterm elections, in which polls show the administration faces widespread voter dissatisfaction with higher prices and interest rates.
But questions also remain about the effect the Trump administration’s pressure campaign will have on Warsh. The Wall Street Journal reported last month that Trump talked to Warsh repeatedly, a report publicly backed by several of his aides. However, the president himself denied it, saying he had spoken only once to Warsh while in office.
Warsh himself has said the president has had no impact on his decisions and, in July congressional testimony, cited the Fed holding rates steady and not cutting as evidence of the central bank’s independence. At the same time, Warsh has said that the president and other politicians have a right to comment on Fed policy.
In May 2019, during Trump’s first term, Vice President Mike Pence, Treasury Secretary Steve Mnuchin and economic advisor Larry Kudlow all weighed in on the need for the Fed to consider cutting rates. The Fed did not immediately respond to that pressure but did end up cutting rates two months later.
The administration’s argument was similar: Growth itself does not cause inflation, and additions to the supply side of the economy through tax cuts and strong capital investment expand the economy’s capacity to grow without causing inflation.
On Friday, Trump said in a post on Truth Social that because the economy is growing so much, the U.S. should have the lowest interest rates in the world.
Administration officials have emphasized the recent three-month annualized rate of the cor Consumer Price Index (CPI) running at 1.6%. That compares with the three-month annualized rate of the core Personal Consumption Expenditures (PCE) price index, the Fed’s preferred indicator, at just over 3%.
But several Fed officials have expressed concern that inflation has run substantially above the Fed’s 2% target for five years, and that there are signs of inflation beyond Trump’s tariffs and rising energy costs due to the U.S. war with Iran. Three dissented — Beth Hammack, Neel Kashkari and Lorie Logan — in favor of a quarter-point hike at the July meeting, where interest rates were left unchanged.
Warsh, in his speech in Jackson Hole, said the Fed’s focus needs to be squarely on inflation, noting that 54% of the 199 components in the PCE price measure had risen more than 3% over the previous 12 months.
By rejecting the connection between growth and inflation, the administration is challenging a central concept in economics: that an economy growing beyond its productive capacity risks generating inflation. The most famous of these ideas, the Phillips Curve, sees tight labor markets and rising wages as the major conduit for inflation. That’s likely why markets raised the probability of a Fed rate hike after Friday’s strong jobs report. Yet wages were well contained in the report: Average hourly earnings rose 0.3% in August and 3.1% from a year earlier, while the unemployment rate remained at 4.1%.
The administration’s argument that increasing the supply side of the economy raises capacity and offsets inflationary pressures could be accurate, but it has a timing problem. The flood of investment into artificial intelligence is projected to eventually increase productivity. But current data shows demand for the equipment needed to build out AI infrastructure is raising prices.
Markets will be focused on the Friday CPI report, which Fed officials have said will be a critical gauge of whether inflation is easing or still accelerating — and it could decide whether the Fed hikes or holds. No FOMC member has recently discussed rate cuts publicly.
Technologies
U.S. Strikes Three Iranian Oil Tankers Following Missile Threats to Navy Vessels
U.S. forces hit three Iranian crude oil carriers after alleging that Iran’s Revolutionary Guard fired ballistic missiles at two Navy warships. The strikes follow new Treasury sanctions on a Turkish bank accused of aiding Iran’s Guard.
On Saturday, U.S. forces attacked three Iranian crude oil tankers after U.S. Central Command reported that the Islamic Revolutionary Guard Corps fired ballistic missiles at two U.S. Navy warships operating nearby.
CENTCOM stated that it disabled one crude oil tanker off Kharg Island’s coast and another near Jask, while a third tanker came under attack in the Gulf of Oman.
The strikes followed CENTCOM’s claim that the Revolutionary Guard had launched ballistic missiles at two U.S. Navy warships on patrol. CENTCOM added that a U.S. aircraft carrier and a guided‑missile destroyer avoided the incoming fire, with no U.S. service members injured.
“Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost —taking out three of yours,” Admiral Brad Cooper, CENTCOM commander, said in a statement Saturday. “We will not hesitate to defend American forces, and if necessary, destroy Iran’s limited and exposed oil fleet.”
Defense Sec. Pete Hegseth later wrote in a post on X: “It’s simple: if Iran shoots at U.S. ships, we will destroy (and sink) their oil tankers, All they have to do is stop shooting at @USNavy.”
Iranian officials did not issue an immediate response to the U.S. strikes on Saturday.
Iran ranks as the third‑largest oil producer within OPEC and, prior to the conflict, shipped about 90 % of its crude through Kharg Island. Since mid‑April, a U.S. blockade on Iranian oil exports has disrupted those flows.
The ongoing Iran‑U.S. confrontation has effectively closed the Strait of Hormuz, a vital chokepoint for global oil shipments prior to the war.
In June, President Donald Trump threatened to take control of Kharg Island while U.S. military actions against Iran persisted. On August 31 he shared an AI‑generated video depicting Kharg Island being destroyed.
The tanker attack followed a Treasury Department announcement, made a day earlier, of sanctions on a small Turkish investment bank and its two subsidiaries, which the United States claims helped channel money to a wing of Iran’s Revolutionary Guard.
The Treasury alleges that Golden Global Yatirim Bankasi Anonim Sirketi and its subsidiaries Golden Global Varlik Kiralama Anonim Sirketi and Golden Global Portfoy Yonetimi Anonim Sirketi were “established for the purpose of enabling Iran’s rahbar network to transfer oil revenues from China to Turkey, where it could then be converted to cash and gold by rahbar money exchangers.”
Golden Global Bank represents the second major financial institution hit by “Operation Economic Outcast,” the Trump administration’s strategy of pressuring Tehran via non‑military sanctions on its business partners.
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