Trump Goldman Sachs

America First is a Joke. Wall Street Wins Again

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I know I must sound like a broken record by now, but Wall Street owns the U.S. economy and until that’s dealt with, the American public will continue to be preyed upon voraciously and lawlessly by some of the most unethical parasites the world has ever seen. Obama was a historical disaster on this issue, coddling and protecting banker oligarchs every step of the way. Trump’s no different.

The latest evidence that things are getting even worse came last evening when the U.S. Senate voted to deliver Wall Street another gift on a silver platter.

Rather than summarize what happened, let’s turn to two of the best resources on such topics, journalist David Dayen and finance focused website Wall Street on Parade.

First, here are a few excerpts from David’s latest article published at The Intercept, After Day of Feuding, Jeff Flake and Bob Corker Join Trump to Upend a Major Consumer Protection:

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Donald Trump Has an Enormous and Very Dangerous Wall Street Blind Spot

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The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry.

Unfortunately, Trump didn’t merely pick one or two competent finance guys to be in charge of finance-related jobs. Rather, he decided to surround himself with some of the worst of the worst (see links at the end) within an industry that often operates like a criminal syndicate. Treasury Secretary pick Steven Mnuchin is one of these people, and I believe this choice represents the single biggest mistake Trump has made as President-elect.

A very large percentage of the American public (including myself), remain irate at the complete lack of any justice served with regard to finance criminals in the aftermath of the economic collapse of 2008/09. When it comes to greedy, unethical behavior in the wake of that tragic period, Steve Mnuchin is in a class of his own. To appoint such a toxic financial oligarch to Treasury Secretary is a serious slap in the face to all American citizens.

Journalist David Dayen accurately described Mnuchin as the “Anti-Populist from Hell” in an excellent article published back in May of last year. Yesterday, he published what can be seen as a followup to that piece, in which he details the findings of a leaked memo from top California prosecutors who were looking to bring forward a case against OneWest for over a thousand legal violations they discovered. Inexplicably, the case never went forward, and the woman who had been in charge of the investigation, state attorney general Kamala Harris, has now been elected to the U.S. Senate.

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Newt Gingrich Admits – Donald Trump No Longer Wants to ‘Drain the Swamp’

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Not that he ever wanted to, but here’s Newt Gingrich admitting what many of us already knew regarding Donald Trump’s fake populism.

Politico reports:

President-elect Donald Trump campaigned on a promise to “drain the swamp” in Washington of corruption, but now that he’s preparing to move into the White House, Newt Gingrich said the Manhattan real estate mogul is looking to distance himself from that message.

“I’m told he now just disclaims that. He now says it was cute, but he doesn’t want to use it anymore,” the former House Speaker and close Trump adviser said of the “drain the swamp” message in an NPR interview published Wednesday morning. 

Trump’s Cabinet and other high-level appointments seem to have deviated somewhat from his “drain the swamp” message. After attacking Democrat Hillary Clinton regularly throughout the campaign for being too close to Wall Street banks, Trump has put three former Goldman Sachs executives in prominent White House positions, including Steven Mnuchin as treasury secretary, Steve Bannon as chief White House strategist and Gary Cohn as the director of the National Economic Council.

As I highlighted in the recent post, The Election Never Ended:

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