Trump in bed with Wall Street

Donald Trump Works For Wall Street, Not Russia

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The evidence is overwhelming and indisputable at this point. Donald Trump is a phony, who has given his administration over to Wall Street crooks even more enthusiastically than his predecessors, and his predecessors were very enthusiastic.

I’ve written about this many times, and I warned throughout the campaign that my biggest fear was Trump is far too cozy with the finance industry, fake populist statements aside. His latest hire for the number two position at the Treasury Department once again proves the point.

As David Dayen reports in his excellent article at The Intercept, Donald Trump Isn’t Even Pretending to Oppose Goldman Sachs Anymore:

The continuity of Wall Street’s dominant role in American politics — regardless of what party sits in power or how reviled the financial industry finds itself across the country — was perhaps never more evident than when Jake Siewert, now a Goldman Sachs spokesperson, on Tuesday praised the selection of Jim Donovan, a Goldman Sachs managing director, for the No. 2 position in the Treasury Department under Steve Mnuchin, himself a former Goldman Sachs partner.

America will never recover until this is dealt with, and Trump has made it perfectly clear he will not deal with it.

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Draining the Swamp? Wall Street is Already Loving Donald Trump

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Before we move forward, let’s start with the following extraordinarily disturbing report out of CNBC:

In the wake of Donald Trump’s upset victory, advisors to the president-elect have floated the possibility of naming JPMorgan Chase chief Jamie Dimon Treasury secretary, according to two people familiar with the matter, but one of them added that Dimon said he would not be interested in the role.

A Trump spokesperson could not immediately be reached for comment, and a spokesman for Dimon declined to elaborate beyond his past remarks that he would not be interested in the job.

First off, I want to say that the above isn’t confirmed. If it’s totally false, the Trump campaign should come out with a quick and vehement denial. I sincerely hope that happens.

That said, the report is cause for serious concern. Why? Because Trump’s reluctance to go after Wall Street was apparent throughout his entire campaign (as opposed to Bernie Sanders), and it was one of the main reasons I could never get comfortable with him. I wrote several posts where I articulated my concerns, but here’s an excerpt from one of them, Donald Trump’s True Colors Emerge as He Snuggles up to Wall Street:

While I’m not a Dodd-Frank fan, it’s not because it was too harsh, but because it didn’t really do much of anything. It was the typical neoliberal bait and switch, designed to look tough for public consumption, while merely making tweaks around the edges of a financial system that requires systemic, paradigm level change.

Trump’s support of repealing Dodd-Frank tells you all you need to know. A Trump Presidency will see Wall Street felons who should be in prison, running as wild and free as ever.

He will be the same thing to distressed working class whites that Obama was to the black community. A fake messiah and a shyster.

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