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Thread: Trump Picks Former Goldman Banker Steven Mnuchin As Treasury Secretary

  1. #1

    Trump Picks Former Goldman Banker Steven Mnuchin As Treasury Secretary

    "While it has yet to be officially confirmed by the Trump transition team, moments ago the NYT reported that - in what had previously been leaked on several occasions on various other outlets most notably the WSJ - former Goldman banker and Soros employee, 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"

    http://www.zerohedge.com/news/2016-1...ry-cbs-reports



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  3. #2
    Slap in the face, right there! If this is true, and it's not Allison, so much for draining the swamp.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  4. #3
    Goldman Sachs got the job? You could knock me over with a feather.

  5. #4
    Oh ya, Mnuchin will MAGA the $#@! out of this country.
    Quote Originally Posted by dannno View Post
    It's a balance between appeasing his supporters, appeasing the deep state and reaching his own goals.
    ~Resident Badgiraffe




  6. #5
    And the selected Secretary of Commerce, Wilbur Ross, that works closely with the Treasury Secretary, ran Rothschild's bankruptcy firm for 25 years.

    New boss yada yada

    Doesn't mean things won't "change" but it'll be changes the bankers want and that's usually not a good thing in the long run for average folks.

    eta: bk not a coincidence
    Last edited by devil21; 11-30-2016 at 04:22 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  7. #6
    So is this trolling or is it 748d backgammon?

  8. #7
    But did you see his tweet about the flag?

  9. #8
    Quote Originally Posted by Pizzo View Post
    So is this trolling or is it 748d backgammon?
    Trump is playing a game we can't even fathom. He's going to awaken these people to the virtues of liberty.



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  11. #9
    Hey, he had to throw a bone to Goldman Sachs. No big deal. trump's just trollin'. Trying to keep the establishment off-center. Treasury Sec is mostly a fluff job anyway.

    Oh, by the way, Rothschild's got the Commerce Dept. (EDIT: devil21 beat me to it)
    Partisan politics, misleading or emotional bill titles, and 4D chess theories are manifestations of the same lie—that the text of the Constitution, the text of legislation, and plain facts do not matter; what matters is what you want to believe. From this comes hypocrisy. And where hypocrisy thrives, virtue recedes. Without virtue, liberty dies. - Justin Amash, March 2018

  12. #10
    Ok, where are all the Trumpsters to tell us how great these picks are? How this is going to drain the swamp and MAGA? How we just don't understand the mental jujitsu he's using?

    Pathetic. His trial balloons actually had us hoping this wouldn't be a complete disaster. Oh well.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  13. #11
    This is the pick I'm waiting for to see Trumps true colors. If Steven Mnuchin is it, then game over. Four more yrs of pain.

  14. #12
    Quote Originally Posted by PatriotOne View Post
    This is the pick I'm waiting for to see Trumps true colors. If Steven Mnuchin is it, then game over. Four more yrs of pain.
    Pernce should of shown everyone his true colors, but this is fake news right guys. I am just going to not believe this news so I feel better. I am starting to understand how its supposed to work now.

  15. #13
    Gold standard in January! MAGA!
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  16. #14
    Another article from Zero Hedge:

    Six months ago, Steven Mnuchin became finance chair for the Trump campaign. Having succesfully helped to raise 10s of millions of dollars for the campaign, the former Goldman Sachs partner and Soros Fund management employee is now positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.

    Ironically, Trump has often criticized Clinton (and his former competitor Ted Cruz) for their links to the big banks:

    "I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate.

    But as we noted previously, he had no qualms, however, in hiring one of the most prominent Goldman alums to raise money for him.

    In addition to Goldman, Mnuchin also worked at Soros Fund Management, whose founder, George Soros, has funded many left-leaning causes. Where it gets even more bizarre is that Mnuchin has donated frequently to Democrats, including to Clinton and Barack Obama.



    As a hedge fund manager, Mnuchin is part of a group of businesspeople Trump has excoriated. In August, Trump said hedge fund managers were "getting away with murder" as he touted his proposal to end the so-called carried interest loophole, which gives private equity and hedge fund managers preferential tax treatment.



    "The hedge fund guys didn't build this country," Trump said at the time on CBS' Face the Nation. "These are guys that shift paper around and they get lucky," he said. "They are energetic. They are very smart. But a lot of them—they are paper-pushers. They make a fortune. They pay no tax. It's ridiculous."



    They apparently are also very good at raising money.

    * * *

    Some more on Mnuchin's background: starting his career in the early 1980s as a trainee at Salomon Brothers before moving to Goldman Sachs in 1985, Mnuchin was front and center for the advent of instruments like collateralized debt obligations and credit default swaps. He has called securitization “an extremely positive development in terms of being able to finance different parts of the economy and different businesses efficiently.” The pitfalls of the financing method came later, he's said.

    Mnuchin's father, Robert Mnuchin, was a partner at Goldman Sachs in the 1960s. The second-youngest of five siblings, Steven attended the prestigious Riverdale Country School and then Yale University, where his roommate was Edward Lampert, who would go on to become a hedge-fund manager and owner of Sears.

    More recently, in October 2014 Mnuchin became co-chairman of the board of the Hollywood studio Relativity Media due to Dune's fascination with movies. Dune has provided financing for batches of winning movies, like the “X-Men” franchise and “Avatar,” Hollywood’s all-time box-office champion.

    Relativity Media filed for bankruptcy last summer, just a few months after Mnuchin's arrival. According to Variety, Dune was intimately involved in the studio's failure.

    The money-man and fellow investors in a Dune Capital fund are said to have lost as much as $80 million — equity that is almost certain to be lost for good, said two sources familiar with the situation. And disgruntled Relativity investors privately are questioning how a bank Mnuchin once headed –OneWest Bank of Pasadena – was allowed by Relativity to drain $50 million from the studio just weeks prior to the July 30 insolvency filing.



    Mnuchin had left Relativity just days before the company reached an agreement with OneWest to extend the loan deadline and allow the bank to claim that money.

    * * *

    To be sure, Hillary Clinton, who in turn has been attacked for her paid speeches to Goldman Sachs (and her public-private positioning for them), also has a high-ranking Goldman official in her ranks, former CFTC commissioner Gary Gensler, who is the former secretary of state’s chief financial officer and whom she is grooming for a potential Treasury Secretary.

    But for Trump, a self-professed "anti-establishment" candidate, who has repeatedly stated he is not "for sale to special interest groups", his sudden call for the seemingly most "Wall Street" of Wall-Streeters to become Treasury Secretary may come as a big surprise to some and will leave many of his supporters demanding an explanation.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  17. #15
    Why is anyone acting surprised?

  18. #16
    Well the dream of MAGA was great while it lasted, which wasn't long.



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  20. #17
    Quote Originally Posted by Sola_Fide View Post
    Why is anyone acting surprised?
    Yes.

  21. #18
    Everyone posting in this thread no longer has any credibility on this forum. Remember, Trump won. That's all that counts.
    "The Patriarch"

  22. #19
    Quote Originally Posted by Origanalist View Post
    Everyone posting in this thread no longer has any credibility on this forum. Remember, Trump won. That's all that counts.
    After 8 plus years of Republican malaise, I will remember that I was for 4 years of Hillary, and then a real chance at something better.

  23. #20
    Quote Originally Posted by Sola_Fide View Post
    After 8 plus years of Republican malaise, I will remember that I was for 4 years of Hillary, and then a real chance at something better.
    I voted for Nobody. Nobody won by a landslide and I'm going to live accordingly.
    "The Patriarch"

  24. #21
    Quote Originally Posted by Origanalist View Post
    I voted for Nobody. Nobody won by a landslide and I'm going to live accordingly.
    I didn't vote either.

  25. #22
    HUNNYM00N=OVER
    FLIP THOSE FLAGS, THE NATION IS IN DISTRESS!


    why I should worship the state (who apparently is the only party that can possess guns without question).
    The state's only purpose is to kill and control. Why do you worship it? - Sola_Fide

    Baptiste said.
    At which point will Americans realize that creating an unaccountable institution that is able to pass its liability on to tax-payers is immoral and attracts sociopaths?

  26. #23
    Quote Originally Posted by Origanalist View Post
    I voted for Nobody. Nobody won by a landslide and I'm going to live accordingly.
    Nobody was my pick, as well. You know what they say about Great Minds.
    There is no spoon.

  27. #24
    Quote Originally Posted by Ender View Post
    Nobody was my pick, as well. You know what they say about Great Minds.
    That they get shouted out by a bunch of idiots?
    "The Patriarch"



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  29. #25
    fake news
    “I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul

  30. #26
    He could at least pick someone whose name I can pronounce.

  31. #27
    LOL. In California, they are accusing Mnuchin of being a racist. They are saying it's because of housing practices under some bank that managed properties.

    Damn, these Marxists are broken records.

    They report it at the same time that they claim that a "racist note" is evidence of massive increases in hate crimes.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  32. #28
    Breathe deep and smell the Liberty. mmmm!
    Brawndo's got what plants crave. Its got electrolytes.



    H. L. Mencken said it best:


    “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”


    "As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."

  33. #29

    Trump is Saving the Establishment to Destroy it!

    Quote Originally Posted by CaptUSA View Post
    Ok, where are all the Trumpsters to tell us how great these picks are? How this is going to drain the swamp and MAGA? How we just don't understand the mental jujitsu he's using?

    Pathetic. His trial balloons actually had us hoping this wouldn't be a complete disaster. Oh well.
    Don't you know? Trump is playing (726+8x)^6-y=z Chess, while the rest of us are arguing over checker boards. [lol]
    "Then David said to the Philistine, 'You come to me with a sword, a spear, and a javelin, but I come to you in the name of Yahweh of hosts, the God of the battle lines of Israel, Whom you have reproached.'" - 1 Samuel 17:45

    "May future generations look back on our work and say that these were men and women who, in moment of great crisis, stood up to their politicians, the opinion-makers, and the Establishment, and saved their country." - Dr. Ron Paul

  34. #30
    Quote Originally Posted by Brian4Liberty View Post
    LOL. In California, they are accusing Mnuchin of being a racist. They are saying it's because of housing practices under some bank that managed properties.

    Damn, these Marxists are broken records.

    They report it at the same time that they claim that a "racist note" is evidence of massive increases in hate crimes.
    The other night on SNL they said Bannon was an anti-semite. My jaw hit the floor.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

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