His position untenable and his saga inflicting an endless parade of headache-inducing news cycles upon the White House, Secretary of Labor Alexander Acosta announced his resignation this morning. Some of the points he made in his own defense at a lengthy press conference this week seemed fair and valid, but his combination of buck-passing, contrived helplessness, and selective talking points left numerous questions unanswered. So he's out. The stomach-turning Epstein case is far from over, of course, and one gets the sense that there's much more sordidness lurking beneath its already-seedy and disturbing surface.
Without delving into every outrageous aspect of this mess, two questions continue to baffle: First, how did Epstein amass his fortune? Second, what was Sec. Acosta talking about when he reportedly told the Trump administration's vetting team that he was waved off of throwing the book at Epstein because of nebulous intelligence community interests? Let's begin with Epstein's money. The source of his prodigious resources is shrouded in confusion and opacity -- and has long been the subject of guessing games among New York's elite finance community. New York Magazinedelves into one growing theory, fueled by the confounding reality that nobody within that plugged-in world seems to know virtually any Epstein investors, nor have they traded with him.