Fired corporate regulator sounds 'blinking red alarm' over apparent rise of billionaire power under Trump
Source: The Guardian
Fri 28 Mar 2025 06.00 EDT
Last modified on Fri 28 Mar 2025 09.52 EDT
The US is in the midst of an extraordinary battle between “the rule of law versus the rule of billionaires”, a top Democratic government official and attorney has warned, after his unprecedented firing by Donald Trump.
Alvaro Bedoya, abruptly terminated as a commissioner at the Federal Trade Commission (FTC) last week, sounded a “blinking red alarm” over backroom “quid pro quo” dealmaking he said appears to be taking place inside the Trump administration. Bedoya and his colleague, commissioner Rebecca Kelly Slaughter, another Democrat, were fired from the FTC, Washington’s top antitrust watchdog. Both Bedoya and Slaughter have sued the administration over their respective dismissals, which they argue were illegal.
In an interview with the Guardian, Bedoya expressed fear that his firing is a sign of billionaires’ growing power over the federal government. “This isn’t about progressive versus conservative,” he said. “This is about the rule of law versus the rule of billionaires.” Independent and bipartisan agencies like the FTC are typically shielded from direct control by the White House. Supreme court precedents interpret the FTC Act’s terms, which only allow the president to remove FTC commissioners for “insufficiency, neglect of duty or malfeasance” in office.
When Bedoya first confirmed his firing on social media, he declared that the president “wants the FTC to be a lap dog for his golfing buddies”. In the days that followed, he has continued to express alarm about actions taken under Trump – and the striking group of wealthy allies and supporters he has amassed leading up to, and since, his victory last November.
Read more: https://www.theguardian.com/us-news/2025/mar/28/trump-firings-ftc-alvaro-bedoya
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