Boy, you Trump supporters (and I am talking from the middle class folks, the lower class, the working class), did you ever get a fucking con job, but what did you expect by voting the most unqualified person ever into the highest office of this country. Trump talked on his bogus campaign trail, about “draining the swamp” and instead has made that swamp even more swampier by putting in his cabinets, billionaires, the 1% elitists, all the folks who have eliminated many working class jobs and screwed over the middle class big time. Folks like Steven Mnuchin and Goldman Sach’s president Gary Cohn (who Trump is considering) are what has caused the downfall in 2008. You really think these elitists care about you and I, the little person.
I know the con man is not even in office yet, but already I see another crash coming where the 1% will get even richer and the rest of us will suffer even more.
Oh, and let’s not forget that Trump is considering that stupid bitch, Sarah Palin for Secretary of Veterans affair. Nothing like picking a brain dead vagina for that position.
Boy, you folks got conned BIG TIME. Like fucked in the ass with a 24 inch dildo and no lube.
From The Daily News:
“The No. 1 problem with Dodd-Frank is that it’s way too complicated and cuts back lending,” Mnuchin, a former Goldman Sachs partner and Hollywood financier who helped produce movies like “Avatar” and the “X-Men” franchise films, told CNBC’s “Squawk Box” in his first public comments since being tapped by Trump.
“We want to strip back parts of Dodd-Frank and that will be the No. 1 priority on the regulatory side,” he added, referring to the 2010 Wall Street reform Act that was widely credited with helping to manage the Great Recession.
As Treasury secretary, Mnuchin, whose career track as an investment banker appears to conflict with Trump’s campaign message championing working-class people, will serve as Trump’s chief economic adviser and oversee myriad matters relating to tax, trade, finance and monetary policy.
He must first be confirmed by the Senate, confirmed by the Senate where some questions might be raised by a lawsuit accusing him and others of running a Ponzi scheme two years ago. That’s when his company, Dune Capital Management, became an investor in Relativity Media and he served as an honorary cochairman of that now bankrupt firm from October 2014 to May 2015.
In papers filed in Manhattan Supreme Court last year, RKA Film Financing lawyer Christopher Clark said Mnuchin “played a key role” in leading RKA to believe that Relativity would properly use $42 million of RKA’s money to promote two films.
Instead, Clark says, Relativity “commingled” the funds and paid off a $50 million loan to OneWest Bank, which Mnuchin ran in Pasadena. He contends OneWest was made whole because Mnuchin had inside knowledge of Relativity’s “precarious” financial state. Mnuchin resigned from Relativity shortly before it filed for bankruptcy.
RKA sued Relativity’s chief, Ryan Kavanaugh, Mnuchin and other directors, charging fraud.
Mnuchin’s lawyer, Robert Sacks, moved to dismiss the case, arguing that his client was never an executive at Relativity and did not take his honorary title until three months after RKA and Relativity signed their deal.
On Nov. 10, Manhattan Supreme Court Justice Charles Ramos dismissed the suit because the papers were “a mess” but said RKA could refile the case with a better set of papers.
“We are going to see something new. It better be specific. This is their last shot at this. We’re not going to pick at this scab much longer,” Ramos told the lawyers.
Mnuchin, who served as the national finance chairman of Trump’s campaign but who has no experience in government, said that his main priorities, however, will revolve around cutting taxes — both for corporations and people.
“Our first priority is going to be the tax plan and the tax plan has both the corporate aspects to it, lowering corporate taxes so we make U.S. companies the most competitive in the world, making sure we repatriate trillions of dollars back to the United States,” he told reporters at Trump Tower during another interview.
Trump has proposed restructuring the income tax code into three brackets and reducing the corporate tax rate to 15% from 30%.
Tax research groups, like the Tax Policy Center, have said the plan disproportionately benefits the top 0.1% of the nation’s earners, while other groups have said the plan could cost as much as $6 trillion over 10 years.
Mnuchin, however, rejected those analyses.
“There will be no absolute tax cut for the upper class,” he said on CNBC. “There will be a big tax cut for the middle class.”
“Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class,” Mnuchin claimed.
Donald Trump is considering Goldman Sachs President Gary Cohn as his director of the Office of Management and Budget, Politico reported Wednesday, an appointment that would make even larger the number of alums of the prestigious investment bank already part of the President-elect’s inner circle.
The 56-year-old registered Democrat, who was paid a $22 million salary by the bank in 2014 according to Vanity Fair, met a day earlier with the President-elect inside Trump Tower, where the power duo discussed a potential job in the White House, Politico reported.
The meeting suggests Trump isn’t done injecting even more affluence into his administration.
Earlier Wednesday, he formally announced two more selections to his cabinet — investment banker-turned-movie-financier Steve Mnuchin as his pick to lead the Treasury Department and billionaire investor Wilbur Ross as his choice for commerce secretary. If the picks are confirmed by the Senate, Trump’s cabinet would become the wealthiest ever.
While the formal appointments raised no eyebrows — Trump’s preference for the men was widely reported Tuesday — their collective wealth has.
Ross — the chairman and chief strategy officer of private-equity firm W.L. Ross & Co., which has specialized in buying failing companies — and Mnuchin — who after a 17-year run at Goldman opened a hedge fund that specializes in producing movies — have a combined net worth of nearly $3 billion. Each pick even boasts a substantial art collection, with Mnuchin, 53, having founded a prominent Upper East Side gallery and Ross, 79, owning works worth in excess of $150 million.
In a statement, Trump touted Mnuchin as a “world-class financier, banker and businessman” and even pointed to his 2009 purchase of failed mortgage lender IndyMac — over which he was actually sued regarding the company’s foreclosure practices.
Trump also praised Ross — nicknamed “The King of Bankruptcy” over his propensity for turning around failed companies by cutting thousands of jobs and pensions — for being “one of the greatest negotiators I have ever met” and a “champion of American manufacturing.”
If Cohn were to accept an invitation he would join not only former bankers Ross and Mnuchin but White House strategist Stephen Bannon — tapped earlier this month by Trump to be his chief White House strategist — who, in addition to having run alt-right news site Breitbart, was also an investment banker at Goldman for years.
Meanwhile, on Wednesday, Trump welcomed a slew of other high-profile visitors to his Midtown abode, including Manhattan U.S. Attorney Preet Bharara, whom the President-elect requested stay on the job.
Upon exiting the mogul’s Midtown skyscraper, Bharara disclosed that Trump asked him to remain in his position and that he’d agreed to.
“The President-elect asked, presumably because he’s a New Yorker and is aware of the great work that our office has done over the past seven years … whether or not I’d be prepared to stay on as the United States attorney to do the work as we have done it, independently, without fear or favor for the last seven years,” Bharara said. “We had a good meeting. I said I would absolutely consider staying on. I agreed to stay on.”
The News reported earlier this month that Trump would likely ask Bharara, who was appointed by President Obama in 2009, to stay on in his role, despite the fact that incoming presidents typically bring in their own people to replace the current crop of U.S. attorneys across the country.
Trump’s selection process in choosing his secretaries of state and defense — arguably the two most prominent roles in a presidential cabinet — appeared to advance as well.
Retired Marine Corps Gen. James Mattis, thought to be Trump’s primary target for the Pentagon, pulled out of a speaking slot at a Washington, D.C., summit on Dec. 14, fueling more speculation that he’s Trump’s man.
Trump also whittled his list of secretary of state candidates down to four (from five), a transition spokesperson said Wednesday, although it remained unclear who didn’t make the cut.
The President-elect had been considering former New York Mayor Rudy Giuliani, 2012 GOP nominee Mitt Romney, retired four-star general and former CIA director David Petraeus, Sen. Bob Corker (R-Tenn.) and retired Marine Gen. John F. Kelly.
Romney, who dined with Trump Tuesday night at the swanky Jean-Georges restaurant at the Trump International Hotel in Columbus Circle, and Giuliani, who has publicly angled for the job, were definitely still in the running, according to reports.
Also in tow at Trump Tower Wednesday was former World Wrestling Entertainment Inc. executive Linda McMahon, whom, according to Bloomberg News, Trump wants to include in his administration.