More swamp-draining? Goldman Sachs president could head OMB

Posted by | December 1, 2016 09:25 | Filed under: News Behaving Badly Politics

Wall Street titans and hedge fund managers are making up a good part of the Trump team, the opposite of what he promised.

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…

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 any 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.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

2 responses to More swamp-draining? Goldman Sachs president could head OMB

  1. amersham1046 December 1st, 2016 at 18:26

    Why drain the swamp when you can back fill it with taxpayers dollars – then build a casino

  2. Avid Kayaker December 3rd, 2016 at 00:24

    1st steve mnuchin, now gary cohn. trump is really doubling down on NYC weasel.

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