Frank Bisignano runs the IRS now. The same Frank Bisignano who allegedly spied on his JPMorgan colleagues over a decade ago. The Wall Street Journal reported it. Bisignano denied it. This is the man collecting your taxes.
He dismissed the allegations. That's the word they used. Dismissed. Like a judge throwing out a case, except the judge is also the defendant and the courtroom is just him saying "nah" into a microphone.
The spying happened more than ten years ago. JPMorgan back then. Different building, different business cards, same guy. Now he's at the IRS, which is famous for respecting privacy and definitely not surveilling anyone ever.
You have to admire the career arc. Go from allegedly monitoring your coworkers at a bank to running the agency that monitors every American with a W-2. It's like getting fired from a peep show booth and becoming the director of the NSA.
Retail traders saw this headline and immediately checked their brokerage apps. Not because it affects stock prices. It doesn't. They checked because they're incapable of not checking. They read "IRS chief" and thought maybe, just maybe, this changes the technicals on their 0DTE SPY calls.
It does not.
The market didn't move. Treasury yields didn't care. Bitcoin didn't pump. Frank Bisignano could admit to wiretapping the entire C-suite at JPMorgan while wearing a hidden camera shaped like a tie clip and your portfolio would still be red because you bought puts after a ten percent drop.
The funniest part is thinking this matters. The head of the IRS allegedly spied on people and now runs the organization with legal authority to audit you into bankruptcy. That's not a scandal. That's a job requirement.
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