Posted on 11/30/2016 3:05:06 PM PST by SeekAndFind
NEW YORK — Government Sachs is returning to Washington.
After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers.
Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and Budget, people close to Cohn and the transition said. Cohn, a long-time commodities trader, is friendly with Trump’s powerful son-in-law, Jared Kushner.
It’s a stunning reversal of fortune for Goldman, a long-time Washington power that fell out of favor following the financial crisis. CEO Lloyd Blankfein got hauled before Congress along with other Wall Street executives to account for their behavior. And Trump, who ran as a populist and bashed Wall Street on the campaign trail, featured Blankfein as a shady and dangerous character in his final campaign ad.
Rolling Stone’s Matt Taibbi famously labeled Goldman the “great Vampire Squid” on the face of America.
Had Hillary Clinton won the White House, Goldman faced a virtual lock-out from Washington with Sens. Elizabeth Warren and Bernie Sanders poised to block and major picks from the bank or any other firm on Wall Street.
Now Goldman, whose proximity to the levers of power dates to the early 20th Century and the creation of the Federal Reserve, stands to return to a level of influence unmatched by any other company in America. And Warren and her allies are left throwing darts from the sidelines.
(Excerpt) Read more at politico.com ...
Any of these Goldman guys worked for GS in the last decade? Didn’t Obozo make the head of GS his Treasury Sec and wrote the bailout bill?
Pray America woke
Hahahaha! They never left.
The only big BS part is that GS would have been ‘locked out’ under Hillary. Horsesh*t... Hillary was a GS-shill to the bones.
Other than that... Trump’s term better be good, to make up for that dissapointment.
Criticizing GS during the campaign and now rheycare in key positions of the admin? Not good.
>>>Didn’t Obozo make the head of GS his Treasury Sec and wrote the bailout bill?
Henry Paulson, former Goldman chairman, was hired by GWB to be Treasury Secretary.
*they are
Our overlords. They are on both sides of the aisle.
GS operatives also are in all major EU financial institutions.
Some things never change.
Don’t forget that Trump said he’d be hiring some of the nastiest sharks in the business, because they know how to get things done.
Someone owes an apology to Heidi Cruz.
Tone deaf to hand treasury job to Goldman Sachs guy after criticizing on stump how they robbed the country blind. This one and Chow are the two worst picks so far.
“Hillary would have locked out Goldman Sachs”
Come on, now.
That might take a lot of server capacity.
“hand treasury job to Goldman Sachs”
LOL, they all left GS years ago. Should they be banned for life?
I guess some were expecting that Trump would pick Joe the plumber as treasury secretary, instead of someone with actual experience.
Goldman Sachs is bad enough. I didn’t remember the name Mnuchin, but sure as hell remembered the IndyMac / OneWest Bank rape of the tax payer. Who was in on that luscious shooting-fish-in-a-barrel deal? A certain Steve Mnuchin and our favorite globalist and destabilizer of what most of us on this site hold dear: George Soros. I think this YT was posted on FR: https://www.youtube.com/watch?v=_UNkQGyk5uA
Nonsense.
"Mnuchin accrued a net worth estimated at about $40 million. while working for Goldman Sachs for 17 years, where his father had worked for three decades and had also made a fortune.[7][8]
In 2002, Mnuchin left Goldman and worked briefly for his Yale roommate Edward Lampert, chief executive of Sears. He also briefly worked for Soros Fund Management in their private equity division during the "Goldman" period with Jacob Goldfield and Mark Schwartz.
In 2004, he also founded a hedge fund, Dune Capital Management, named for a spot near his house in the Hamptons. The firm invested in at least two Donald Trump projects and, in one of them, was sued by Trump before a settlement was reached. Then, in partnership with Soros, hedge fund manager John Paulson and others, Mnuchin bought the failed housing lender IndyMac in 2009 for $1.6 billion.[9]
https://en.wikipedia.org/wiki/Steven_Mnuchin
Trump should not have anything to do with Wall St. But he is getting the benefit of the doubt right now, at leas from me. I can understand the concern.
Look I don’t mind the Goldman Sachs. I do mind enjoying transfers of wealth, no value created, making millions without any risk.
Someone owes an apology to Heidi Cruz.
Agreed.
I’m disappointed and believe nothing will change in DC.
Actually some things do change, for example last Spring the opinion of some about pols who are connected to GS.
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