On the recordDecember 6, 2016
colleagues, we are now 4 weeks out from a Presidential election in which millions of American voters indicated they wanted a change. Donald Trump, our President-elect, campaigned and was elected on a platform he called draining the swamp. Getting rid of entrenched special interests sounds good. Fighting on behalf of middle-class Americans sounds good. Taking on Wall Street's powerful special interests sounds good. In fact, month after month, our President-elect attacked Secretary Clinton, saying she was too close to the Wall Street banks. He said things such as ``Hillary will never reform Wall Street.'' He said, ``I know the guys at Goldman Sachs. They have total control'' over his opponent. These are pretty harsh words. With months of hammering Wall Street and hammering his opponent, it came as a big surprise to many last week, when President-Elect Trump announced that he would be naming Steve Mnuchin, a darling of Wall Street, a 17-year veteran of Goldman Sachs, a career in the financial industry, to run the Treasury Department--the single most important post in our economy to be run by Wall Street. Instead of draining the swamp in Washington, it looks as if our President-elect is turning our government intended to be of, by, and for the people into a government of, by, and for Wall Street. Appointing a 17-year Goldman Sachs executive to oversee financial regulation is the definition of the fox guarding the hen house.…





