President Donald Trump campaigned against Goldman Sachs during this journey towards the presidency. He sounded like Senator Bernie Sanders, who has waged a hostile war against the company and the world of Wall Street. During Trump’s campaign voyage, he promised to go to Washington, D.C. and “Drain the Swamp.”
It seems like President Donald Trump is filling the swamp with former and wealthy people from Goldman Sachs, like Gary Cohen, who was the Chief Operating Officer, Steven Mnuchin, former Goldman Sachs partner, and Wilber Ross, who has close ties to the organization. Of course, there are many others.
With all these Goldman Sachs connections, how will his administration govern? After President Donald Trump spoke candidly against them, how will he keep the culture of these bankers from his administrative strategy of economic policy? When Trump campaigned, his populist message argued against Wall street, but now he seems to embrace it.
The Goldman Sachs presence is all around this administration, which is trying to create economic power, policy, and regulation. The nation’s Federal Reserve, has been taken over by a bunch of former Goldman Sachs bankers. These Wall Street giants, is now swimming all around the swamp.
Gary Cohen, White House, Economic Advisor, has 190 million dollars of Goldman Sachs stocks. Will he sell his investments, since he has joined the forces of the Trump administration? These days, he is leading the nation in trying to create economic policy and regulation. Everyone is wondering whether he will lead it like he did at Goldman Sachs.
Goldman Sachs is a monster in the world of finance. It’s a major part of Wall Street, and an institution that President Donald Trump has attacked in many of his infamous tweets and from his lips during his campaign days for President.
There is also a list of other former Goldman Sachs connections to the Trump administration. His Chief Strategist and former campaign CEO, Steven Bannon has also worked at Goldman Sachs in the past. He became rich when he was there. As a result, he made a sale of Castle Rock Entertainment, which Bannon became part of. Another contender is Jay Clayton, who did not work at the bank directly, but he was a partner at a Manhattan law firm called Sullivan & Cromwell, who uses Goldman Sachs as a client.
The swamp that President Trump continues to fill-up with former bankers, has not been drained. The hypocrisy of his past views on Goldman Sachs seemed to have changed, because many of the alumni is working for him.