Dec 5, 2016
During his election campaign, Donald Trump promised to end Wall Street’s influence in Washington. Before the Iowa caucuses, Trump said, “I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us.”
He later spoke of Wall Street’s ties to Washington insider politicians, saying, “I know the guys at Goldman Sachs. They have total, total control over Ted Cruz. Just like they have total control over Hillary Clinton.”
So who is Trump choosing for his cabinet? Wall Street insiders!
He chose Steven Mnuchin, a former Goldman Sachs executive and hedge fund manager, to be Treasury Secretary. Wilbur Ross, a billionaire private equity investor, is his choice for Commerce secretary. He selected Elaine Chao, a former banker, as Transportation Secretary, and billionaire Betsy DeVos as Secretary of Education. He’s also been meeting with Goldman Sachs President Gary Cohn and is reportedly considering him for Budget Director.
Apparently Wall Street doesn’t seem too worried that Trump’s choices will “limit” its power in Washington. Goldman Sachs shares recently set a new high on the stock market.
Go figure. When Trump said he won’t let Wall Street get away with murder, he meant he’d simply give them the whole store without having to face any resistance at all!