Episode Details

BREAKING NEWS: Social Security Commissioner Frank Bisignano has brought another former JPMorgan Chase executive into the Social Security Administration.

Matt Zames, a former JPMorgan chief operating officer, is reportedly joining SSA as an unpaid adviser focused on modernizing the agency’s aging technology. But why was this particular Wall Street executive selected—and what could his arrival mean for the future of Social Security?

In this video, former Social Security District Manager Dr. Ed Weir examines:

• Who Matt Zames is and his history at JPMorgan
• His previous connection to Commissioner Frank Bisignano
• What “technology modernization” could involve
• Why Social Security’s payment systems and personal information matter
• What has actually happened—and what has not
• The larger question every beneficiary should be asking

This does not change your Social Security benefit or monthly payment today. However, the people chosen to redesign the agency’s technology and operations could influence how Social Security functions for decades.

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Originally recorded live with Restream.