November 14, 2016
Fox in the Henhouse: Leading Trump Candidate for Treasury Said to Be Former Goldman Sachs Partner With Ties to Great Recession
Statement of Bart Naylor, Financial Policy Advocate, Public Citizen’s Congress Watch Division
Note: According to media reports, former Goldman Sachs Group Inc. partner Steven Mnuchin is the leading candidate to serve as U.S. Treasury secretary as Trump nears his final decision. Mnuchin has served as Trump’s chief fundraiser since this summer. Mnuchin, described in some reports as an “an investor with so much Wall Street blood in his veins,” is a former partner at Goldman Sachs, an investment bank that contributed heavily to the financial catastrophe that was the Great Recession of 2008.
Candidate Trump pledged to tame Wall Street and drain the swamp in Washington, D.C. Instead, President-elect Trump spent last week pouring more sludge in the swamp by naming K Street lobbyists to prominent positions and this week appears ready to put consummate Wall Street insider, Steven Mnuchin, in charge of the Department of Treasury. Apparently, Trump wants to make America grate again.