During the election campaign, Donald Trump rightly denounced Hillary Clinton for her ties to Goldman Sachs, the predatory Wall Street banking firm, and especially the three $225,000 speaking fees she took for giving one-hour talks to that company.
Now Trump has put two former Goldman Sachs executives in charge of economic policy—Steve Mnuchin, former Goldman partner, as Secretary of the Treasury, and Gary Cohn, former president of Goldman, as his top economic adviser.
President Trump has put a portrait of Andrew Jackson, the great enemy of concentrated financial power, in his office. But his appointments show that he will be a champion of the moneyed establishment. Those who voted for him in hope he would be a friend to working people are going to be disappointed.
The Goldman Sachs effect: How a bank conquered Washington by Nomi Prins for TomDispatch.
The Vampire Squid Occupies Trump’s White House by Matt Taibbi for Rolling Stone.