Thursday, 19 January 2017

Trump Recruits Another Goldman Sachs Bankster

Donald Trump has announced another Goldman Sachs insider will join his administration.

Anthony Scaramucci, also know as “The Mooch,” will serve as Donald Trump’s liaison to the financial class. The former hedge fund ringmaster will likely occupy Valerie Jarrett’s Office of Public Engagement and Intergovernmental Affairs.

Steve Bannon, Steven Mnuchin (who will head up the Treasury), Gary Cohn, and Jay Clayton worked for Goldman Sachs.

How is the anti-establishment establishment supposed to fulfill its promise to restore the economy if its top people are former banksters and hedge fund managers?

How are guys associated with a firm that packaged and sold toxic securities while betting they would fail and screw over investors good for America? How in the hell are they anti-establishment?

“Investment banks were the driving force behind the structured finance products that provided a steady stream of funding for lenders originating high risk, poor quality loans and that magnified risk throughout the U.S. financial system. The investment banks that engineered, sold, traded, and profited from mortgage related structured finance products were a major cause of the financial crisis,” notes a report from the Senate Permanent Subcommittee on Investigations, “Wall Street and the Financial Crisis: An Anatomy of a Financial Collapse.”

I’m not sure how Scaramucci got his nickname. According to my dictionary, however, a mooch is somebody who gets stuff without paying for it.

Sounds about right for a guy who worked for Goldman Sachs, the vampire squid wrapped around the face of humanity.

Some people who worked for Goldman Sachs, like Nomi Prins, are seemingly good people. Nevertheless these picks do not inspire one with much confidence when it comes to reforming the corrupt financial system.

[Posted at the SpookyWeather blog, January 19th, 2017.]

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