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Trump officially pics Goldman Sachs executive for Treasury Secretary

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http://www.nytimes.com/2016/11/29/us/politics/steven-terner-mnuchin-trump-treasury-secretary.html

>Steven Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, people close to the transition say.

>Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign, and his selection would elevate a wealthy loyalist to a pivotal economic post. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.”

>If confirmed, Mr. Mnuchin would play a critical role in carrying out Mr. Trump’s promised economic policy changes, including the enactment of a large package of tax cuts, sweeping changes to foreign trade agreements and the fulfillment of a huge new infrastructure spending program. He could also help lead any efforts to roll back President Obama’s nuclear deal with Iran and the administration’s opening to Cuba by reimposing sanctions on Tehran and Havana.

>Mr. Mnuchin’s selection fits uneasily with much of Mr. Trump’s campaign attacks on the financial industry. Mr. Trump, in a campaign ad intended as a closing argument, portrayed the chief executive of Goldman Sachs as the personification of a global elite that the ad said had “robbed our working class.”

>The selection of Mr. Mnuchin (pronounced mi-NEW-chin) came as Mr. Trump moved on Tuesday to fill the ranks of his domestic policy team with seasoned Washington insiders chosen to help smooth the way in Congress for his two marquee campaign promises: the repeal of Mr. Obama’s health insurance coverage law and the large package to repair infrastructure, which could reach $1 trillion.

...
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>>88733
>He started his career at Goldman Sachs, where his father, Robert, was a legendary trader. He then worked for his Yale roommate, the hedge fund manager Eddie Lampert, who runs Sears Holdings, and later for George Soros, before striking out on his own — with the backing of Mr. Soros — to start Dune Capital Management.

>He has spent much of the last decade on the West Coast, where his firm bought IndyMac, a bankrupt housing lender, in 2009 from the Federal Deposit Insurance Corporation, and rebuilt it under the name OneWest before selling it for an enormous profit to the CIT Group in 2015.

>Along the way, he also developed a side business as a financier of many Hollywood hits. His name regularly appears in the credits of films. Just in the past year, he produced “Sully,” “Storks,” “The Legend of Tarzan” and “Batman v Superman: Dawn of Justice.”

>Mr. Mnuchin is known as a smart, hard-working, talented executive. Henry M. Paulson Jr., the former Treasury secretary who was critical of Mr. Trump during the campaign, was very complimentary of Mr. Mnuchin’s performance at Goldman Sachs.

>“I think Steven Mnuchin would be an excellent choice for Treasury secretary,” Mr. Paulson said on Tuesday evening. “He is very talented, has a deep understanding of finance and markets, he knows how to bring people together to get things done, and — importantly — he has a working relationship with and the confidence of the president-elect.”

http://www.nytimes.com/2016/11/30/business/steven-mnuchin-expected-treasury-pick-is-an-outsider-to-public-policy.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=b-lede-package-region&region=top-news&WT.nav=top-news
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>>88733
Am I the only one that thinks he looks like John Oliver?
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>current year man infiltrating Trump's cabinet
>>
https://en.wikipedia.org/wiki/Steven_Mnuchin
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I wonder how soon his old friend Soros will be calling in favors.
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>>88743
>>88745
Honest to god until you click the thumbnail looks exactly like John Oliver
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>>88803

I dunno man even with the image in full size it still looks a lot like Oliver.
>>
Looks like he could be John Oliver's older brother but his face is too long and his teeth too straight to be John Oliver.
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>>88733
> proper footwear required

wat
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>>88836
> inappropriate.flip.flops.jpg
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He sure is draining that swamp huh?

>all those retards on /pol/ denying Trump's kike love for so long

weeeeeeeew
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>>88865
Ya gotta get a guy with knowledge of the inside
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>>88733
good choice imo, he knows how to get money rollings
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>>he produced Batman v Superman

This man is a fucking monster.
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>>88867
You're right, the man is clearly playing 69th dimensional water polo and just whored out his daughter and constantly sucks Jewish cock as an elaborate ploy to make them trust him.

You people are so fucking delusional. The election this year was establishment drone vs establishment drone, stop lying to yourself.
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>>88867
unfortunately he also has the same motives as the inside
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>>88748
Pretty soon.
>>
S U C K E R S
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>>88733
>D-d-drain the swamp you guyz!
>Don't elect Shillary Shillton, she's to close to Goldman Sachs!
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>>88740
>>He started his career at Goldman Sachs, where his father, Robert, was a legendary trader. He then worked for his Yale roommate, the hedge fund manager Eddie Lampert, who runs Sears Holdings, and later for George Soros, before striking out on his own — with the backing of Mr. Soros — to start Dune Capital Management.
What the fuck are you doing, Trump?
>>
>no /pol/yps dare to show their faces ITT
Pussies. Own up to your mistakes
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>>88959
/news/man here I think it is a great choice for getting the economy moving again.
>>
This is why he was elected as Treasury Secretary and not Chief Strategist, because he has experience in finance and not political strategy. While it's ironic that Trump would elect someone who LITERALLY worked for Wall Street, it isn't to say he's corrupting himself by default; we don't know how he will communicate with Goldman Sachs, but we know that Steven Mnuchin could give advice that would benefit the company. This still remains a case of Good Trump/Bad Trump, will he follow blindly or will he be skeptical?
>>
I'd rather have this guy who knows something about finance than some policy hack that stabs Trump in the back. Trump's team needs to be made of people he can trust. This guy's been behind him all the way. In terms of Wall Street, yes, there are some bad things. But it is also the envy of the world and very efficient. If we bring jobs back here, our companies will need access to capital. It's a market. Or, we could just have our govt borrow more money from the Chinese and use taxpayer money to help companies...like Obama.
>>
Oops, but that doesn't work.
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>>89005
Please learn what a treasury bond is before you post next time...

http://ticdata.treasury.gov/Publish/mfh.txt
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>>88877
>The election this year was establishment drone vs establishment drone, stop lying to yourself.

honestly, I have no clue how anyone is/was retarded enough to think otherwise.
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>>88959
Trumptards don't give a shit about anything anymore. He's worked them into a frenzy.
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>>88865
>>88877
"Total joke candidate in it for the publicity."
"He can't beat Jeb Bush."
"No way he can get past Cruz."
"He won't win the nomination!"
"He'll never win the election!"
"He's never going to drain the swamp you know."
>>
>>89079
Waiting to see a /pol/ drone response that isn't ear plugging or deflection. I suppose that's because only your Jew shills and good goy manchildren actually go around shitting up other boards.
>>
Sounds like the right man for the job tbqh.
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>>89120
Joke's on you, I'm from /k/, not /pol/.
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>>89186
>cant talk about politics in /k/ Better go to /news/ !
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Isnt this the guy that wants to audit the fed and return to a gold standard?
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>>88959
a lot of us only cared about Trump as an epic troll of the left. I could give a shit what he does in office.
>>
>People actually thought he would drain the swamp

Hahahahahahaha
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>>89079
without the swamp there is no Washington
if you want to get shit done you have to deal with horrible people, and it's hard to tell who's a good replacement because they typically have decades under their belt doing something almost no one does
for instance, this guy-- I don't think he's a good choice, but good luck finding someone for the job that isn't slimy in some way
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>>89252
I'd like to know this, too.

>>89258
>thinking you are ever going to hire an economist that hasn't worked for big money
That's like wanting a doctor that hasn't worked at a big hospital, anon.
>>
How Goldman Sachs made it back into Washington’s inner circle

https://www.washingtonpost.com/news/business/wp/2016/12/01/government-sachs-will-have-washingtons-ear-once-again-in-trump-administration/#comments
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>>89269
He's not an economist though, he's a businessman and one of the ones who profited heavily off of the housing market crash.
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>>89339
>one of the ones who profited heavily off of the housing market crash
This makes for strong credentials. Where do you get off thinking this is a negative?

A small group were saying there'd be a crash, and therefore were shorting the housing market (why wouldn't you?), but no one would listen.

So this guy was among the few prescient enough to read the market accurately - and you're upset about that?
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>>89269
>>thinking you are ever going to hire an economist that hasn't worked for big money
>That's like wanting a doctor that hasn't worked at a big hospital, anon.

Are you kidding, or just that ignorant? PLENTY of economists haven't worked for Wall Street
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>>89349
Plenty of doctors haven't worked at big hospitals either, Anon. But all the good ones have.
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>>89347
If you think he's suddenly grown a conscience and found his moral compass you're a fool.
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>>89347
Why would a man, who has profited heavily off of a broke system, them try to fix that system? You realize that doesn't make any sense right?
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>>89351
all the successfully ones have
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>>89372
It depends on if they are doing it for money or to help people, Anon.
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>>88733
revolving door theory.
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>>89186
You should stay there. You're probably better at kebab than posting anything resembling a thoughtful post. Just stick with what you're good at (nothing).
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He is a bankster. Where the term bankster came from:
The Italian mob started the savings and loan crisis in the 1970's for a 27 billion dollar bailout on the backs of the public. Then some of the same exact guys did the last financial meltdown, that was a 15 trillion bailout we paid for. The Mafia got smart they moved to white collar crime where they would not have to go to jail.
They became banksters. Do the research. Google Angelo Mozillo

Now we have outsourcing where the super rich get more yachts and private planes
by selling out the middle class to India sweatshops. Selling out the lower
class to sweatshops in China/Mexico was not enough for them.

The true evil is unchecked corruption. Check out the picture from engineer
to jiffy lube. This is going to be you.
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>>88743
Yes, literally like a balding Oliver
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>>88733
Ross also has financial venstures with Soros. Soros is always winning
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>>89349
He's not even an economist
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>>88867

they're all insiders with not motivation to change anything for public benefit. back to serfdom soon
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Bump to remind all the Trumpcuck goys what they've done by not going third party.
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>>90077
>by not going third party.
>voting for Gary "What is Aleppo?" Johnson
Seriously?
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wasn't goldman one of the banks responsible for 2007-2009?
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>>90148
Yes, and the Greek debt crisis of the last 6 years as well.

http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html
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>>90124
You could have helped him to get to 5%
You could have started the ball rolling on dismantling the duopoly in 2020.
Instead you decided to get cucked by an orange conman in the most explicit, predictable and hilarious way.

You deserve everything that's coming. The problem is I dont.
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>>90157
Daily reminder of how he got nominated in the first place:

http://www.cnn.com/videos/tv/2016/05/30/libertarian-convention-strip-tease-daily-hit-newday.cnn
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>>88733
Somebody go to Trump Tower in flip-flops...
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>>90148
the entire financial system was responsible unknowingly. we learned from our mistakes in that recession, people thought they figured out a smart way to spread liability but it just opened a door to impending chaos.
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>>88733
At least he has relevant experience. What does Dr. Carson, MD know about HUD?
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>>92161
the ones involved knew exactly what they were doing. You can't just give out loans to people who can't afford to pay them off and then expect to spread the liability. It was just too late before anyone caught onto it so everything shit the bed.
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>>92166
He grew up in an inner city neighborhood and rose up to become a neurosurgeon, what he lacks in experience he makes up for in perspective, I imagine it's easier to help get blacks out of the ghetto and into college if you were in the same position yourself.
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>>92171
>You can't just give out loans to people who can't afford to pay them off and then expect to spread the liability
from what I've learned the government forced banks to lend bad loans, but the banks were okay with it because they figured out a way to spread liability. most people agreed it was a smart way to deal with the new government policy but it ended up being a bad decision.
>the ones involved knew exactly what they were doing.
can you give me some information to back that up because what I learned is that what happened wasn't intentionally done with bad intent.
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>>89122
This. You don't hire a septic tank cleaner to balance your budget.
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>>92183
You're right, obviously the right choice was to hire one of the kikes who fucked the economies in the first place, dumbfuck. Go shill somewhere else.
Thread posts: 69
Thread images: 1


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