Posted on 05/06/2016 4:49:36 AM PDT by Milhous
In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs.
Trump announced that heading up his own personal fundraising operation as national finance chairman will be Steven Mnuchin, a long-time business associate, chairman and CEO of the hedge fund Dune Capital. More importantly, however, he spent 17 years at Goldman Sachs where he was most recently a Partner, having built a fortung of $46 million before launching his own hedge fund.
While employed at Goldman, he purchased the remains of IndyMac Bank (now known as OneWest Bank), the Pasadena, California-based mortgage lender that collapsed in 2008. "Notoriously press-shy, the executive endured 2011 protests on the lawn of his Bel Air mansion by foreclosed homeowners angered at his lender's handling of soured mortgages."
As Zero Hedge readers are familiar, Trump often critized his main competitor Ted Cruz for his links to the bank because of loans used to finance Cruz’s Senate campaign, and because Heidi Cruz was a one-time employee of Goldman. "I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate.
(Excerpt) Read more at zerohedge.com ...
Waiting for the perfect thread to post a gigantic “told you so.” Not yet... :)
And then there is this.
Mnuchin and a group of investors bought the bank, previously IndyMac, after the sub-prime crisis of 2008 left it badly underwater. Depositors made a run on the old institution, which collapsed. That opened the way for a $1.5 billion purchase by the Mnuchin group.
So it looks like 7 to 8 years is probably correct.
This article has been flogged pretty hard, for several days here on FR.
I, for one, am not going to start second-guessing Trump’s every decision. I believe he had already thought this through L-O-N-G before he rode down that escalator at Trump Tower last June and announced his candidacy.
He has been waiting several decades, for SOMEBODY to step forward who actually gives a #$%&, and would care enough about the Country, and its people, and the Constitution, to begin working for THAT, instead of for themselves. Nobody did. So all the thinking and watching and studying came to a head, and he concluded that HE would have to do it, himself.
As Karen Tumulty pointed out on Bret Baier’s panel last evening; a mere few days after Romney lost in 2012, Trump took out a copyright on the phrase, “Make America Great Again”; starting to get his ducks lined up in case they were needed.
One of Trump’s peeves at his announcement, and at numerous rallies thereafter, has been how Romney fiddled and faddled away the 2012 campaign, never actually made a battle out of it, pulled his punches and never even actually criticized Obunga, or actually laid a glove on him at the debates. And for the last 30 days of the campaign, Romney went off and hid out somewhere, abandoning the battlefield to Obunga and the Constitution wreckers.
That was the last straw. And that is what convinced Trump that he’d have to do it himself. So I, for one, am going to stay out of his way; and curb my criticisms. He’s the one who will leave no stone unturned in righting the wrongs that have festered untreated for decades. And he knows that he is the one who will get the razz-berries if he fails. Stay out of his road.
It’s always a good sign when the GOP nominee has a Soros guy on his team. /s
There was one. To miss it, your head must have been in the sand. (Or ... elsewhere.) the first sentence even talks about the irony of Trump going GS after tearing Cruz up about it.
All of a sudden it appears being in bed with GS is not so bad after all. Funny how things can change so quickly.
I don’t think this is much to worry about, Trump has said many times that he would hire negotiators most people might hate but they know how get the job done.
Well put Tuck, well put.
The fact that the guy is a democrat donor lends credence to the idea (the ‘conspiracy theory’) that Trump’s plan is to destroy the Republican party from within, and then get Hillary elected.
Well, the first precept is half a good thing.
That was just for the primary. Now it's a different ball of wax.
A few months ago, “we” all hated Goldman Sachs, but now “we” like them. One thing I will say about Trump supporters, they are consistently inconsistent.
How many more times is this going to be posted?
Mind bogglingly ignorant response! While many of us will vote for tweedledumb (Trump) over tweedledumber (any Demo crat), it doesn’t mean that we give up the responsibility of criticizing the left leanings of the presumptive Republican nominee. Take your blinders off and try to see.
I think Cruz is going to be a part of Trump’s team. Trump lacks money and organization for the National Election. Cruz has all the organization. Trump almost got outmaneuvered once by lack of organization... it will not happen twice
Amen, FRiend...you gave me hope this morning that there is at least a few rational thinking people left here who don’t use invectives when addressing fellow Freepers who happen to be not in lock step robots...cheers to you!
Mind bogglingly ignorant response! While many of us will vote for tweedledumb (Trump) over tweedledumber (any Demo crat), it doesn’t mean that we give up the responsibility of criticizing the left leanings of the presumptive Republican nominee. Take your blinders off and try to see.
The only ignorance here is Loser Cruzers thinking it’s a good thing to now divide the GOP and “Goldwater” Trump. The primary is over. Time to let bygones be bygones and defeat the Butcher of Benghazi. BTW, I only tossed out a pejorative becaue you insulted me. The. enemy. is. Hillary. Now. Comprende?
Y’all missed this one.
A $10 billion Wall.
General campaign is financed by who wants to build a wall.
More honest than Clinton’s foriegn communists raising
$2 billion to finance a US election.
Or maybe this guy is like the Reagan Democrats - just looking to tear down the current system and rebuild one that will work as originally intended. Crossover voter, if you will...
Incredible!! How could I have “insulted” you enough to cause you to toss out a “pejorative” when I just responded to your post? Projectionism is a Trump trait obviously not lost on you! Time to grow up and use the logical side of your brain rather than the emotional side.
Since there is nothing principled or conservative about Trump that shouldn’t be an issue for you.
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