Drain That Swamp!

[finehoe]

Bankers Celebrate the Dawn of the Trump Era

Christmas has arrived early for Wall Street in the early days of the Donald Trump era.

A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment banker's dream.

Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that he's the leading candidate for Treasury secretary. Billionaire investor Wilbur Ross appears headed to the Commerce Department. Steve Bannon, another Goldman alum, will work steps from the Oval Office. JPMorgan Chase CEO Jamie Dimon remains a possibility as Treasury secretary and will serve as an outside adviser if he doesn't get the job.

It's a restoration of Wall Street power — and a potential flip in the way the industry is regulated — perhaps unparalleled in American history.

"You would have to go back to the 1920s to see so much Wall Street influence coming to Washington," said Charles Geisst, a Wall Street historian at Manhattan College. "It's the most dramatic turnaround one could imagine. That's the truly astonishing part."

http://www.politico.com/story/2016/11/donald-trump-wall-street-bankers-231524

[spuwho]

This is not a sarcastic question, where does a President find people of education and talent to help with managing budgets, monetary policy, with the scope the size of the Federal Govt.?

[Adam White]

This is not a sarcastic question, where does a President find people of education and talent to help with managing budgets, monetary policy, with the scope the size of the Federal Govt.?

Universities? Think tanks?

[fsquid]

This is not a sarcastic question, where does a President find people of education and talent to help with managing budgets, monetary policy, with the scope the size of the Federal Govt.?

Apparently this one looks to the Klan.

they've been able to stay in business despite global headwinds.

[finehoe]

they've been able to stay in business despite global headwinds.

Thanks to trillions in government subsidies.

[BakeryRibault5PTS]

Gotta have Goldman alumni. GS hires talented and well rounded people who do everything well.

They are easily the smartest people in the room while academia is all talk and theory and no tangible achievements.

[finehoe]

Gotta have Goldman alumni. GS hires talented and well rounded people who do everything well.

They are easily the smartest people in the room while academia is all talk and theory and no tangible achievements.

Hmmm, where have we heard that before?  http://www.imdb.com/title/tt1016268/

[JHAT76]

This is not a sarcastic question, where does a President find people of education and talent to help with managing budgets, monetary policy, with the scope the size of the Federal Govt.?

Apparently this one looks to the Klan.

they've been able to stay in business despite global headwinds.

Headwinds lose strength when you have buddies at the Fed and Treasury no?  Or do we not talk about these things?

"Recent disclosures from the Federal Reserve reveal that honesty was one of the earliest casualties of the 2008 financial crisis. These disclosures contain a number of juicy tidbits, like the fact that Goldman Sachs received tens of billions of dollars in direct and indirect succor from the Fed.

Thanks to these spectacularly large taxpayer-funded bailouts, Goldman was able to continue "doing God's Work" – as CEO Lloyd Blankfein infamously remarked – like the work of producing billion-dollar trading profits without ever suffering a single day of losses.

Thanks to the Fed's massive, undisclosed assistance, Goldman Sachs managed to project an image of financial well-being, even while accessing tens of billions of dollars of direct assistance from the Federal Reserve."

http://www.economicpolicyjournal.com/2010/12/totally-busted-truth-about-goldmans.html

http://www.businessinsider.com/goldman-sachs-aig-bailout

Post Script, this was for Goldman not the Klan.  I realize FSU was talking about the Klan now.  My bad.

[Adam White]

Gotta have Goldman alumni. GS hires talented and well rounded people who do everything well.

They are easily the smartest people in the room while academia is all talk and theory and no tangible achievements.

Hmmm, where have we heard that before?  http://www.imdb.com/title/tt1016268/

LOL!

[Adam White]

They are easily the smartest people in the room while academia is all talk and theory and no tangible achievements.

So, presumably you agree that the "Miracle of Chile" was a complete disaster and that Friedman, et al were nothing but snake oil salesmen?

[fsquid]

they've been able to stay in business despite global headwinds.

Thanks to trillions in government subsidies.

the Klan?  dang i need to get racist

[Adam White]

they've been able to stay in business despite global headwinds.

Thanks to trillions in government subsidies.

the Klan?  dang i need to get racist

You'd be like the anti-Trump. He had billions first and then reinvented himself as a racist.

[BakeryRibault5PTS]

Adam,

I interviewed at GS. My recruiter at GS was a young woman from New Orleans with a degree in English from Harvard.
Everyone in financial services wants to be at GS.
It's a fine organization.
GS is a global company with the best talent and its alumni are often offered jobs in the government on basis of MERIT

[Adam White]

Adam,

I interviewed at GS. My recruiter at GS was a young woman from New Orleans with a degree in English from Harvard.
Everyone in financial services wants to be at GS.
It's a fine organization.
GS is a global company with the best talent and its alumni are often offered jobs in the government on basis of MERIT

I wasn't commenting on GS - I was commenting on your statement about academics.

[JHAT76]

Adam,

I interviewed at GS. My recruiter at GS was a young woman from New Orleans with a degree in English from Harvard.
Everyone in financial services wants to be at GS.
It's a fine organization.
GS is a global company with the best talent and its alumni are often offered jobs in the government on basis of MERIT

Took a big drink from the Kool Aid bowl I see.