Hedge fund managers admit it: They're delighted that Donald Trump conned America
Hedge fund managers admit it: They’re delighted that Donald Trump “conned America”
America's wealthiest are happy they're going to keep the system exactly the way it was
MATTHEW ROZSA THURSDAY, DEC 1, 2016 07:33 AM CST
President-elect Donald Trump may have been elected on a pledge to “drain the swamp,” but the swamp creatures themselves seem pretty pleased with how he’s staffing his new administration.
“I can take glee in that — I think Donald Trump conned them [Trump’s populist supporters],” said hedge fund manager Whitney Tilson, who runs Kase Capital Management, in an interview with Bloomberg Markets on Wednesday. “I worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.”
Tilson’s delight can be traced to the fact that, although Trump ran his campaign as an outsider who would protect working-class Americans from the predations of Wall Street and the billionaire classes, Trump’s nomination for treasury secretary is Steve Mnuchin, an alumnus of banking powerhouse Goldman Sachs. Mnuchin is perhaps most notorious for his management of OneWest Bank (formerly IndyMac), which he purchased in 2009.
http://www.salon.com/2016/12/01/hedge-fund-managers-admit-it-theyre-delighted-that-donald-trump-conned-america/
