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Celerity

(51,734 posts)
24. yes
Wed Jul 9, 2025, 07:42 PM
Jul 9

Last edited Wed Jul 9, 2025, 08:36 PM - Edit history (1)

https://en.wikipedia.org/wiki/Steve_Bannon

snip

After his military service, Bannon worked at Goldman Sachs as an investment banker in the Mergers and Acquisitions Department. In 1987, he relocated from New York to Los Angeles, to assist Goldman in expanding their presence in the entertainment industry. He stayed at this position with Goldman in Los Angeles for two years, and left with the title of vice president.


Media and investing

In 1990, Bannon and several colleagues from Goldman Sachs launched their own company Bannon & Co., a boutique investment bank specializing in media. In one of Bannon & Co.'s transactions, the firm represented Westinghouse Electric, which wanted to sell Castle Rock Entertainment. Bannon negotiated a sale of Castle Rock to Turner Broadcasting System, which was owned by Ted Turner at the time. Instead of a full adviser's fee, Bannon & Co. accepted a financial stake in five television shows, including Seinfeld, which was in its third season. Bannon still receives cash residuals each time Seinfeld is aired. In 1998, Société Générale purchased Bannon & Co.

snip

Entertainment and media

In the 1990s, Bannon ventured into entertainment and media and became a Hollywood film and media executive producer. Bannon produced 18 films, including Sean Penn's drama The Indian Runner (1991), and Julie Taymor's film Titus (1999). Bannon became a partner with entertainment industry executive Jeff Kwatinetz at film and television management company The Firm, Inc., where he served in 2002 and 2003. In 2004, Bannon made a documentary about Ronald Reagan, In the Face of Evil. While making and screening the film, Bannon met Reagan's War author Peter Schweizer and publisher Andrew Breitbart, who described him as the Leni Riefenstahl of the Tea Party movement. Other films Bannon financed and produced include Fire from the Heartland: The Awakening of the Conservative Woman (2010), The Undefeated (2011), and Occupy Unmasked (2012).

In 2006, Bannon persuaded Goldman Sachs to invest in a company known as Internet Gaming Entertainment. Following a lawsuit, the company rebranded as Affinity Media, and Bannon took over as CEO. From 2007 through 2011, Bannon was the chair and CEO of Affinity Media. In 2007, Bannon wrote an eight-page treatment for another documentary, Destroying the Great Satan: The Rise of Islamic Fascism in America. The outline states, "although driven by the 'best intentions,' institutions such as the media, the Jewish community and government agencies were appeasing jihadists aiming to create an Islamic republic." In 2011, Bannon spoke at the Liberty Restoration Foundation in Orlando, Florida, about the 2008 financial crisis, the Troubled Assets Relief Program, and their impact in the origins of the Tea Party movement, and his films Generation Zero (2010) and The Undefeated.

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Cambridge Analytica

Bannon served as vice president of the board of Cambridge Analytica, a data-analytics firm owned largely by the Mercer family, who also co-owns Breitbart News; the firm allegedly used illegal tactics to target American voters in the 2016 election. According to former Analytica employee Christopher Wylie, Bannon oversaw the collection of Facebook data which was used to target American voters. Wylie who helped with creation of the company referred to the company as a "psychological warfare tool". Bannon was paid more than $125,000 for his work at Cambridge Analytica. Bannon's stake in Cambridge Analytica was estimated at $1–5 million, but he sold his stake in the company once he joined the Trump administration in April 2017.

Recommendations

3 members have recommended this reply (displayed in chronological order):

Elon: sop Jul 9 #1
Who is Peanut? Clouds Passing Jul 9 #2
Peanut was the pet squirrel on social media. Whyisthisstillclose Jul 9 #7
Peanut: sop Jul 9 #8
Aw Peanut Clouds Passing Jul 9 #9
Po Peanut BoRaGard Jul 10 #36
They haven't arrested anyone.... reACTIONary Jul 9 #23
and what does Bannon's entry in the files say? DBoon Jul 9 #3
LOL!! Sogo Jul 9 #25
Sounds to me like Elon has been looking at these files that don't exist. Midnight Writer Jul 9 #4
My thoughts, exactly. 70sEraVet Jul 9 #10
Ha ha ha....really before this Congress?? that half of them are in the orange piece of shit's pocket??? a kennedy Jul 9 #21
Don't forget Elon has ties to Putin - and I assure you they have all the dirt. kerry-is-my-prez Jul 9 #18
Wouldn't it be lovely if DOGE stored away some of those files for "insurance"? live love laugh Jul 10 #35
I can't think of any reason they wouldn't have. Midnight Writer Jul 10 #41
I'd have thought Bannon was too tacky to make it into Epstein's circle -- he was arguably even grosser than Trump. LauraInLA Jul 9 #5
gross and not particularly powerful cadoman Jul 9 #30
Bingo. The first words that came to my mind were tacky and cheap. LauraInLA Jul 10 #32
Bannon: please sue Musk. nt Ilsa Jul 9 #6
He probably could Polybius Jul 10 #31
He could absolutely if mush made this up. Lucky Luciano Jul 10 #38
What Epstein files? PatSeg Jul 9 #11
Where I grew up they would say "if ya keep on diggin' you'll get more dirt". twodogsbarking Jul 9 #12
Yep. kerry-is-my-prez Jul 9 #19
Am I suppose to believe what my eyes see? pwb Jul 9 #13
The poor young ladies that had to "take care" of that fat smelly bastard wolfie001 Jul 9 #14
They have timms139 Jul 9 #22
for the smell enid602 Jul 9 #27
Sounds like somebody got a look. nt moniss Jul 9 #15
K&R UTUSN Jul 9 #16
Was bannon really in those elite circles when Epstein was active JT45242 Jul 9 #17
yes Celerity Jul 9 #24
Holy crap, Bannon has a cut of Seinfeld??? TommyT139 Jul 9 #28
Clash of the White "N"s BaronChocula Jul 9 #20
Alan Dershowitz is like TommyT139 Jul 9 #26
The Repukes are forming a circular firing squad... democratsruletheday Jul 9 #29
Deplorables, ASSEMBLE! /nt spudspud Jul 10 #39
Yea, right... talk is cheap..come up with the files to prove it...nt mitch96 Jul 10 #33
Shocking! BoRaGard Jul 10 #34
Really? I find it hard to believe that Bannon was high enough in the food chain to hang with Epstein. flashman13 Jul 10 #37
Wasn't Bannon complaining about the list not being released? Chakaconcarne Jul 10 #40
Another repube sex-criminal and role model for little republicon kiddos BoRaGard Jul 11 #42
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