patrick.net

He's doing what every new leader does: find the money and install loyal people under him. Which is why Romney would be such a mistake.

Amazing the amount of rationalization going on here. If Hillary had won and nominated someone from Goldman as her Treasury secretary---this place would be going apeshit.

Wasn't the point of Trump to kill the Establishment? Is that no longer a big deal?

Trump has the skills to choose the right person for the right job. Have faith in him guys.

Strategist says

Trump has the skills to choose the right person for the right job. Have faith in him guys.

Yep, as evidenced by his proclivity for Chapter 11. Having said that, I'm not sure who people expect him to hire for the treasury job - someone from 7-11 perhaps? Anyone hired for that job is almost inevitably going to be a Wall St insider.

Rashomon says

Strategist says

Trump has the skills to choose the right person for the right job. Have faith in him guys.

Yep, as evidenced by his proclivity for Chapter 11.

LOL. He came out of nowhere to become the most powerful man on the planet. That, my friend, is called success.

Why do you guys think there is a "Screw you guys I done got mine" when it comes to riches and real estate, but you don't think rich people are capable of getting rich.
Knowing what the right thing to do is, then saying "Screw you guys, I done got mine, and it destroyed the country, this is how we fix it. I know how it works and I know how to stop it."?

Was he supposed to pick DNC chair for this or something instead?

Strategist says

LOL. He came out of nowhere to become the most powerful man on the planet. That, my friend, is called success.

He hardly came out of nowhere. He was an extremely well known figure who demonstrated how easy it is to manipulate a major chunk (but still a minority) of the electorate by appealing to their darker nature.

Tenpoundbass says

Why do you guys think there is a "Screw you guys I done got mine" when it comes to riches and real estate, but you don't think rich people are capable of getting rich.

Knowing what the right thing to do is, then saying "Screw you guys, I done got mine, and it destroyed the country, this is how we fix it. I know how it works and I know how to stop it."?

Are we supposed to understand what the hell you're trying to say, or is it a riddle?

Ironman says

How dare Trump do this, he should have nominated an outsider,

That would be OK. Rep/Con/Tea/Neo-Nazis elected an outsider.

How's that foot taste Ironman?

joeyjojojunior says

to be one of the federal government’s most important economic and financial officials."

Ironman,
Here's your other foot you can cram into your mouth.
There's more here but you've run out of feet.

PLEASE!Take a trolling class.

"So tell us, what exactly is your problem with his pick, outside of your normal liberal "spin". Tell us why he's a bad choice based on his past experience"

He is the consummate Wall St. insider. He was heavily involved in the housing bubble/crisis. He is everything that you railed against for the last 8 years. Only when Trump says it, suddenly it's OK.

The next 4 years are gong to be the best ever on Wall St. Forget getting Glass Steagall back. Wall St. will have more power than ever over the US economy.

At least Citigroup isn't picking his entire Cabinet.

Michael Froman, who is now U.S. trade representative but at the time was an executive at Citigroup, wrote an email to Podesta on October 6, 2008, with the subject “Lists.” Froman used a Citigroup email address. He attached three documents: a list of women for top administration jobs, a list of non-white candidates, and a sample outline of 31 cabinet-level positions and who would fill them. “The lists will continue to grow,” Froman wrote to Podesta, “but these are the names to date that seem to be coming up as recommended by various sources for senior level jobs.”

The cabinet list ended up being almost entirely on the money. It correctly identified Eric Holder for the Justice Department, Janet Napolitano for Homeland Security, Robert Gates for Defense, Rahm Emanuel for chief of staff, Peter Orszag for the Office of Management and Budget, Arne Duncan for Education, Eric Shinseki for Veterans Affairs, Kathleen Sebelius for Health and Human Services, Melody Barnes for the Domestic Policy Council, and more. For the Treasury, three possibilities were on the list: Robert Rubin, Larry Summers, and Timothy Geithner.

(PS The reason we have shitty trade deals is that Banksters like Froman negotiate them, freely trading away US Jobs for Financiers to purchase assets abroad and engage in labor arbitrage with no pesky tariff on their oursourced imports).

Instead we're now the United States of Goldman Sachs. A WALL STREET INVESTMENT BANK.

--------------

Now?

What were we before?

I hear that Robert Bannon was also a GOldman Sachs guy for a time, but good luck accusing him these days of being too pro-wall street. His media outlet constantly criticized the cozy relationship between the democrat elite and the bankers.
So I guess you could say he was a reformed banker? Can bankers be reformed? Maybe it's like a horrible disease that you sometimes get over. Anyway, if you want to crack down on bankers, you need a banker to show you how to do so.

"So I guess you could say he was a reformed banker? Can bankers be reformed? Maybe it's like a horrible disease that you sometimes get over. Anyway, if you want to crack down on bankers, you need a banker to show you how to do so."

Bullshit. The solutions are well known--it's not that complicated. You just need someone with the will to do it.

joeyjojojunior says

The solutions are well known--it's not that complicated.

Oh? Would you care to explain? After all, it isn't like these sneaky bankers crashed the system with complex derivative products based on shaky lending practices while corrupting federal overseers! Oh wait, they did, and they did such a bang up job that the federal government couldn't even prosecute them because it couldn't figure it their crime for far too long.
The solution might be simple, but it's not obvious. You need to keep the government and the bankers apart, keep oversight fresh, and watch them for the next way they plan to steal the country legally.