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Trump Voters Voted For Wall Street
It only took about 2 weeks but, Trump is showing his true colors. Trump’s latest Executive Order, that rolls back the regulatory system of which Dodd-Frank is a part of, exposes Trump for who he is. Recently departed COO of Goldman Sachs Gary Cohn, who broke from Goldman with a $285 million dollar deal, made this statement “This is a table setter for a bunch of stuff that is coming,” Cohn said in reference to the executive order, which Trump signed on Friday. 1. Skeptics view the $285 million dollar payment to Cohn as Goldman investing in Cohn who can then deliver on policy that will make Goldman billions. This is a conflict of interest at best and revolving door corruption at worst. 2.
Trump railed against Hillary Clinton and Ted Cruz as owned by Goldman Sachs, leading the American public to believe that he was outside of Wall St. influence. Trump has now put too many members of Goldman Sachs into his administration to be consistent with campaign promises. The same Wall St. interests that crashed our economy when the housing bubble burst are now writing financial policy for Trump.
Steve Mnuchin
Treasure Secretary
Former Goldman Sachs partner
Foreclosed on homeowner for 27 cents 5.
Gary Cohn
Top Economic Advisor
Former president and COO of Goldman Sachs
Jay Clayton
Head of the SEC
Finance Attorney 3.
Steve Bannon
President of the United States of America.. err, I mean Chief Strategist to the President of the United States of America
National Security Council
Investment Banker
Without giving any names, Trump cited "friends of his" who have struggled to secure loans since Dodd-Frank was enacted. Trump has called the Dodd Frank bill a “disaster”, misappropriating small business owners as the victims of lending practices, when he means hedge fund managers and investment bankers. Ever since Glass-Steagal was repealed, commercial banks, investment banks, and insurance agencies have been allowed to commingle. Trading securities such as the CBO’s that crashed our economy with the freedom they used in growing the housing bubble is what this EO is about. When he’s sitting next to billionaire’s who would directly benefit from rolling back Dodd-Frank, it will be hard to make an argument he’s doing this for the guy who wants to open up a pizza shop or hardware store.
The architects of Trump’s economic policy represent the same interests that Trump told you he would fight. Trump is not your outsider hero. It’s business as usual on Wall St. Goldman Sachs has had a seat at our Executive Branch since the 1980’s. 4. Now, it looks like Trump’s message is very loud and clear. We are turning over the regulatory system Dodd Frank helps define, to the bankers it seeks to regulate. The monkeys are running the banana store. The wolves are guarding the chicken coop. The bankers expect us to have short memories. Well, I’m here to make sure we don’t.
1.Forbes Welcome
2.Trump adviser Gary Cohn's $285 million exit raises eyebrows - Jan. 26, 2017
3.Trump's SEC pick Clayton points to capital formation, not enforcement | Reuters
4.Ronald Reagan: Nomination of John C. Whitehead To Be Deputy Secretary of State
5.Bank Owned By Trump?s Top Treasury Pick Foreclosed On A 90-Year-Old Over 27 Cents | The Huffington Post
It only took about 2 weeks but, Trump is showing his true colors. Trump’s latest Executive Order, that rolls back the regulatory system of which Dodd-Frank is a part of, exposes Trump for who he is. Recently departed COO of Goldman Sachs Gary Cohn, who broke from Goldman with a $285 million dollar deal, made this statement “This is a table setter for a bunch of stuff that is coming,” Cohn said in reference to the executive order, which Trump signed on Friday. 1. Skeptics view the $285 million dollar payment to Cohn as Goldman investing in Cohn who can then deliver on policy that will make Goldman billions. This is a conflict of interest at best and revolving door corruption at worst. 2.
Trump railed against Hillary Clinton and Ted Cruz as owned by Goldman Sachs, leading the American public to believe that he was outside of Wall St. influence. Trump has now put too many members of Goldman Sachs into his administration to be consistent with campaign promises. The same Wall St. interests that crashed our economy when the housing bubble burst are now writing financial policy for Trump.
Steve Mnuchin
Treasure Secretary
Former Goldman Sachs partner
Foreclosed on homeowner for 27 cents 5.
Gary Cohn
Top Economic Advisor
Former president and COO of Goldman Sachs
Jay Clayton
Head of the SEC
Finance Attorney 3.
Steve Bannon
President of the United States of America.. err, I mean Chief Strategist to the President of the United States of America
National Security Council
Investment Banker
Without giving any names, Trump cited "friends of his" who have struggled to secure loans since Dodd-Frank was enacted. Trump has called the Dodd Frank bill a “disaster”, misappropriating small business owners as the victims of lending practices, when he means hedge fund managers and investment bankers. Ever since Glass-Steagal was repealed, commercial banks, investment banks, and insurance agencies have been allowed to commingle. Trading securities such as the CBO’s that crashed our economy with the freedom they used in growing the housing bubble is what this EO is about. When he’s sitting next to billionaire’s who would directly benefit from rolling back Dodd-Frank, it will be hard to make an argument he’s doing this for the guy who wants to open up a pizza shop or hardware store.
The architects of Trump’s economic policy represent the same interests that Trump told you he would fight. Trump is not your outsider hero. It’s business as usual on Wall St. Goldman Sachs has had a seat at our Executive Branch since the 1980’s. 4. Now, it looks like Trump’s message is very loud and clear. We are turning over the regulatory system Dodd Frank helps define, to the bankers it seeks to regulate. The monkeys are running the banana store. The wolves are guarding the chicken coop. The bankers expect us to have short memories. Well, I’m here to make sure we don’t.
1.Forbes Welcome
2.Trump adviser Gary Cohn's $285 million exit raises eyebrows - Jan. 26, 2017
3.Trump's SEC pick Clayton points to capital formation, not enforcement | Reuters
4.Ronald Reagan: Nomination of John C. Whitehead To Be Deputy Secretary of State
5.Bank Owned By Trump?s Top Treasury Pick Foreclosed On A 90-Year-Old Over 27 Cents | The Huffington Post