On the recordFebruary 10, 2017
Madam President, out on the campaign trail, Donald Trump talked a big game about Wall Street. He said: ``Wall Street has caused tremendous problems for us.'' He claimed that he was not going to let Wall Street get away with murder. His closing ad expressed outrage at Wall Street ``controlling the levers of power in Washington.'' It pictured Goldman Sachs CEO Lloyd Blankfein as part of ``the global special interests that were rigging the economy against working families.'' Then Trump won, and within days he hired and nominated enough Goldman Sachs alumni to open a new bank branch in the White House. His senior strategist, Steve Bannon, spent half a decade at Goldman Sachs as an investment banker. His National Economic Council Director, Gary Cohn, came directly from Goldman Sachs, where he spent 25 years and rose to be second in command at the bank. His Senior Counsel for Economic Initiatives, Dina Powell, came directly from Goldman Sachs, where she has been a partner since 2010. Finally, Donald Trump nominated Steve Mnuchin to serve as his Secretary of Treasury. Mr. Mnuchin spent 17 years at Goldman Sachs, much of it in the distribution that created and peddled the kinds of mortgage-backed securities that would later blow up the financial system. Personnel is policy.…





