Goldman Sachs banker chosen by Trump

Eloy

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Sep 9, 2016
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"President-elect Donald Trump reportedly is set to name a top Goldman Sachs official to coordinate his administration’s economic policy, his latest of several picks from a company he consistently attacked during his campaign.
NBC reported Friday that Trump would name Gary Cohn, the financial firm’s president and CEO, as the head of the White House National Economic Council. The Trump transition team would not comment on the report."
Trump set to name Goldman Sachs president Gary Cohn to coordinate economic policy
Despite his loudmouth criticism of bankers and Goldman Sachs in particular, there is something that Trump finds appealing. Beside Gary Cohn, he has Steve Mnuchin as Treasury Secretary and Bayo Ogunlesi in the Strategic and Policy Forum.
Apart from lying his head off during his campaign to become United States president, what does this tell us? I can suggest one thing and that is Trump will be hand-in-glove with the bankers, Wall Street, and the big corporations who will be on the gravy train for years to come. This is politics for you.

Gary%20Cohn_zpsuch72lsp.jpg

Gary Cohn -- I'm saying nothing.
 
The cultists wont care. They worship whomever fucks them over the hardest.
 
Not sure this is a problem.
You have heard of the global financial crisis of 2008 and how it is considered the worst since the great Depression of the 1930s. You might know that it was caused by speculative banking practices by the likes of Goldman Sachs. This same group of banksters who were rightly criticized by Donald Trump during his campaign to get to the Oval Office have now provided three of their number to hold major financial responsibilities in the Trump government. And you do not see the problem of a president who talks from both sides of his mouth and hands over the economic policy of the nation to a class of people who caused so much financial hardship for so many who had their savings and pensions wiped out and others owing mortgages that were multiples of the value of their homes. Banksters running the economy and generals running foreign policy is what Trump has lined up for all those who were conned by his talk. I see nothing but problems.
 
Not sure this is a problem.
You have heard of the global financial crisis of 2008 and how it is considered the worst since the great Depression of the 1930s. You might know that it was caused by speculative banking practices by the likes of Goldman Sachs. This same group of banksters who were rightly criticized by Donald Trump during his campaign to get to the Oval Office have now provided three of their number to hold major financial responsibilities in the Trump government. And you do not see the problem of a president who talks from both sides of his mouth and hands over the economic policy of the nation to a class of people who caused so much financial hardship for so many who had their savings and pensions wiped out and others owing mortgages that were multiples of the value of their homes. Banksters running the economy and generals running foreign policy is what Trump has lined up for all those who were conned by his talk. I see nothing but problems.
Yes, but what about this chap Trump has hired?
 
Goldman Sachs was the real winner in this election. Them, Trump, and the rest of the .001 percenters are going to rake in billions from the peasants.
 
Not sure this is a problem.
You have heard of the global financial crisis of 2008 and how it is considered the worst since the great Depression of the 1930s. You might know that it was caused by speculative banking practices by the likes of Goldman Sachs. This same group of banksters who were rightly criticized by Donald Trump during his campaign to get to the Oval Office have now provided three of their number to hold major financial responsibilities in the Trump government. And you do not see the problem of a president who talks from both sides of his mouth and hands over the economic policy of the nation to a class of people who caused so much financial hardship for so many who had their savings and pensions wiped out and others owing mortgages that were multiples of the value of their homes. Banksters running the economy and generals running foreign policy is what Trump has lined up for all those who were conned by his talk. I see nothing but problems.
Yes, but what about this chap Trump has hired?
Gary Cohn is a millionaire bankster through and through. Sit back and watch who gets even richer in the coming years.
 
Goldman Sachs was the real winner in this election. Them, Trump, and the rest of the .001 percenters are going to rake in billions from the peasants.

The peasants will gladly give their money away too. These cultists will leap for the chance to lick the boots of the rich and powerful.
 
Goldman Sachs was the real winner in this election. Them, Trump, and the rest of the .001 percenters are going to rake in billions from the peasants.

The peasants will gladly give their money away too. These cultists will leap for the chance to lick the boots of the rich and powerful.
"After Donald Trump ridiculed Wall Street on the campaign trail, the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower."
Wall Street Wins Again as Trump Picks Bankers, Billionaires
The United States will have its economy run by billionaire Wall Street banksters. Mission Accomplished!
 
The United States will have its economy run by billionaire Wall Street banksters. Mission Accomplished!
who knows the economy better? And why not have very very successful bankers run it?
Successful bankers are skilled in using other peoples money to profit from scams, pyramid tricks, inflated remuneration even when their banks are failing, selling worthless derivatives, currency speculation, and every kind of shady deal to enrich themselves at the expense of ordinary citizens with unaffordable mortgages in negative equity, and retirement funds frittered away on bogus securities with each transaction making eye-watering commissions for these financiers. Banksters cause economies to go into recession and depressions while the are adept at making a mint for themselves. They should not be let loose to deregulate the markets further so that they can make fortunes from others failure, often nationalizing banking debt because these outfits are too big to fail. Watch and see.
 
Would you prefer to pick someone who knows nothing about finance and banking to manage finance and banking? Perhaps you would be qualified under that scenario?
 
The last time I wrote USA = USM = United States of Mexico, all the conservatives flamed me. But does it matter who runs the cartel that runs your country, be his name El Chapo or Donald Trump or Gary Cohn?
 
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Would you prefer to pick someone who knows nothing about finance and banking to manage finance and banking? Perhaps you would be qualified under that scenario?
You clearly trust Wall Street banksters with the control of the nation's finance policies. I don't and I have told you why already.
Do distinguish between the operators and merchants who know how to make fortunes in banking and finance and those who understand how these banksters were able to work the system to make money. People who know about finance and banking are the very people who have identified the banking corporations such as Goldman Sachs Bank USA whose executives Trump is putting in his cabinet as the very types who have used Wall Street to make profits through slight of hand. This time last year, Goldman Sachs was hoping the bottom would not fall out from under them as they were in such danger of their derivatives. To the man-in-the-street like you and I, this means that a huge chunk of Goldman Sachs had made many millions for their executives by selling junk products and this was about to bite them. In other words they were so exposed to debt that it was SOS time. For example, taking the four largest American banks, this is how much they were exposed to derivatives based on their net worth:
JPMorgan Chase 209%; Bank of America 89%; Citibank 166%; and Goldman Sachs (wait for it) -- a whopping 516%.
https://www.occ.gov/publications/publications-by-type/annual-reports/2015-annual-report.pdf

Not into economics? Well, to put it bluntly, Goldman Sachs were insolvent, broke, on the skids because they are crooks. This is how these banksters operate, taking a huge amount of risk with other people's money and eventually dumping it onto the general population which caused the crash of 2008. Goldman Sachs used to be a brokerage firm taking a lot of risk by speculation on derivatives but they floated the company on the stock exchange which spread the risk to investors and just when they were too big to fail and take down the whole system, the U.S. Treasury made them a bank, now FDIC Insured that is insured by the American population.

Sorry for the long answer but you asked.
It is one thing for Goldman Sachs to make profits from the Wall Street office but think how much more more money will flow in to them when they have their hands on the U.S. Treasury while Trump is in charge. Have a guess.
 
Would you prefer to pick someone who knows nothing about finance and banking to manage finance and banking? Perhaps you would be qualified under that scenario?
There is a saying, beware the experts. This applies pretty well now. The Wall Street cartel will finally write its own ticket as easily as the Simeloa cartel does. Hehehe.
 
It is one thing for Goldman Sachs to make profits from the Wall Street office but think how much more more money will flow in to them when they have their hands on the U.S. Treasury while Trump is in charge. Have a guess.

Goldman is a public company. Should we sell our houses and buy their stock to get in on ground floor now that a liberal has explained it to what is about to happen?
 
It is one thing for Goldman Sachs to make profits from the Wall Street office but think how much more more money will flow in to them when they have their hands on the U.S. Treasury while Trump is in charge. Have a guess.

Goldman is a public company. Should we sell our houses and buy their stock to get in on ground floor now that a liberal has explained it to what is about to happen?
No; keep in mind that the only ones who profit from an outfit like Goldman Sachs are the executives whom Trump is taking on board. They will screw the shareholders, their competition in other banks, and the American people. They are a bunch of unprincipled vultures, not unlike Trump himself.
 

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