Trumps Economic Cabinet Picks Signal Embrace of Wall St. Elite

[Bill USA]

For those who bought the meme of Evil Hillary as WS's friend, now you get to see REAL crony fascism in the flesh - this is not GOP propaganda:



https://www.nytimes.com/2016/11/30/business/dealbook/trumps-economic-cabinet-picks-signal-embrace-of-wall-st-elite.html?action=click&contentCollection=Business%20Day&module=RelatedCoverage®ion=Marginalia&pgtype=article

(click to see video: Trump's picks for Treasury and Commerce)
“The No.1 problem with the Volcker Rule is it’s too complicated and people don’t know how to interpret it,” said Steven Mnuchin, Donald Trump’s pick for Treasury. By CNBC on Publish Date November 30, 2016. Photo by CNBC. Watch in Times Video »

In a campaign commercial that ran just before the election, Donald J. Trump’s voice boomed over a series of Wall Street images. He described “a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations.”

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With Wednesday’s nomination of Steven Mnuchin, a Goldman trader turned hedge fund manager and Hollywood financier, to be Treasury secretary, a new economic leadership is taking shape in Washington.


Mr. Mnuchin will join Wilbur L. Ross Jr., a billionaire investor in distressed assets, who has been chosen to run the Commerce Department, and Todd Ricketts, owner of the Chicago Cubs, who has been picked to be deputy commerce secretary. All are superwealthy and to be overseen by the first billionaire president in United States history.

That two investors — Mr. Mnuchin and Mr. Ross — will occupy two major economic positions in the new administration is the most powerful signal yet that Mr. Trump plans to emphasize policies friendly to Wall Street, like tax cuts and a relaxation of regulation, in the early days of his administration.

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