Goldman Sachs poised for return to power in Trump White House

[Vulcan]

But, according to many Trump supporters, Heidi Cruz was evil.

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.

more here

[Night Hides Not]

The concept of "draining the swamp" is incompatible with an administration stacked with Goldman Sachs alumni.

You want someone to fairly oversee the banking system? Sheila Bair would be my choice, she was fantastic at the FDIC.

https://www.bloomberg.com/features/2016-sheila-bair-student-debt/

Sheila Bair Called the Financial Crisis. Here’s Her New Nightmare

But just as in 2006 at the FDIC when she foresaw the coming mortage crisis, Bair sees a potential financial catastrophe looming in her new industry—a generation of overly indebted Americans who will be too weighed down by debt to contribute to the economy, tanking it once again.

“In the aggregate, this is a huge problem,” Bair said.

She was stymied at the FDIC, but here she can do something—even on a small scale. So Bair has turned her campus into a laboratory. Her pioneering efforts to reduce student debt and make higher education more affordable could inspire other schools to do the same, said Larry Culp, chairman of the school’s board. “Other college presidents would study these issues endlessly,” Culp said. “She moved quickly.”

The entire article is worth a read.

[Free Vulcan]

Buh buh buh, Heidi Cruz.

[endicom]

Goldman Sachs spent a decade in the wilderness? What sort of idiocy is this?

[libertybele]

I'm wondering how the Trumpsters are taking this?  Goldman Sachs was one of the key reasons they were so against Cruz. Trump vowed to insert outsiders into his cabinet and he is doing exactly that.  He is a business man, he is not a politician and sold to his supporters he was an outsider.  To think that with Trump's money and business connections he doesn't have political ties and friends inside the beltway is really naive.

Trump may have a patriotic interest in the country, but (and I've stated this several times) he didn't take on the job of President if he wasn't going to make him wealthier and more powerful.  Chance are, he owes a few favors now as well.

[Night Hides Not]

Rather than start a new thread, I predict that Mnuchin will not be confirmed without employing the nuclear option. It all revolves around the acquisition of IndyMac. It's a perfect line of attack for the Democrats, on multiple fronts.

[txradioguy]

Reasons for why this is a brilliant move coming in 3...2...

[Right_in_Virginia]

Reasons for why this is a brilliant move coming in 3...2...

Nah, it would be too mean to end your fun.   

[Night Hides Not]

Reasons for why this is a brilliant move coming in 3...2...

Why is this brilliant? I'm not seeing it, unless it's to force McConnell into using the nuclear option. IndyMac is bringing back a lot of memories from my time at the FDIC, and the 500 banks we closed.

[Free Vulcan]

Reasons for why this is a brilliant move coming in 3...2...

Do not question the 16th dimensional chess mere mortal.

[Oceander]

Nah, it would be too mean to end your fun.   

/snicker


I thought being beholden to Goldman Sachs was a cardinal sin, considering the way the Trumpturds assaulted Cruz and his wife because she had worked there.  Apparently under their current airbrushed history being beholden to Goldman Sachs is now a good thing.

[Night Hides Not]

Do not question the 16th dimensional chess mere mortal.

Damn, I thought it only went as far as six dimensions. What do I know, I have trouble keeping up with my 6 YO grandson.

[Free Vulcan]

Trump supporters won't care. If the 'Establishment' does this, then it's bad. Very bad. A sure sign of corruption and the need to drain the swamp.

If Trump does this, it's keep your enemies closer and all that, or forcing McConnell to go nuclear to get the rest of his appointees thru, or pick your super double secret inside 16th dimensional chess strategy move that still manages to drain the swamp by bringing in more alligators and raising the water level.

[txradioguy]

Nah, it would be too mean to end your fun.   

 

[SirLinksALot]

Goldman Sachs poised for return to power in Trump White House

For those who were not asleep the past two decades or so, THEY NEVER LEFT

[jmyrlefuller]

Nah, it would be too mean to end your fun.   

In other words, you can't defend this. Just as I thought.

[Frank Cannon]

"I know the guys at Goldman Sachs. They have total, total control over (Ted Cruz). Just like they have total control over Hillary Clinton,"- D Trump

[Oceander]

"I know the guys at Goldman Sachs. They have total, total control over (Ted Cruz). Just like they have total control over Hillary Clinton,"- D Trump

Those Goldman Sachs guys are good ventriloquists seeing as how they also have total control over Trump.

[Gov Bean Counter]

Trump will never govern against his business interests. Ever!

Said it a year ago. Validated today.

[Oceander]

Trump will never govern against his business interests. Ever!

Said it a year ago. Validated today.

Of course not.  And just as his personal foundation has admitted they broke the law against private enurement, Trump will probably end up being one of the corrupt presidents who used the office for his own private enurement.  Shades of the 1800s all over again.

[Right_in_Virginia]

In other words, you can't defend this. Just as I thought.

I don't need to defend it @jmyrlefuller .  I could explain it, but that might impact the angst spilling all over the place since Donald Trump's victory.

And in all candor, I don't want to end the angst --- it's a necessary step in healing.  Yes, I'll admit, it's fun to watch.  But more importantly, the angst needs to be worked through. Only this will allow us to meet on the other side of it and...together... move forward and make America great again.

So carry on. 

Godspeed.