'Drain the swamp' ,Trump is swimming in the muck!
Trump to name Goldman Sachs veteran, Gary Cohn, to head National Economic Council
By Renae Merle, Ylan Q. Mui and Philip Rucker
December 9 at 2:00 PM
NEW YORK -- President-elect Donald Trump is expected to name a top Goldman Sachs executive, Gary Cohn, to lead the National Economic Council, handing the Wall Street veteran significant sway over his administration's economic policy.
The council includes the heads of various departments and agencies and works within the administration to coordinate economic policy. As director, Cohn would would be in position to advise Trump as he attempts to fulfill some of his chief campaign promises, including lowering corporate taxes and rethinking U.S. trade policy.
Trump intends to formally name Cohn to the post, which does not require Senate confirmation, but additional details remained unclear, according to a transition official, who spoke on the condition of anonymity and was not authorized to speak publicly. The expected appointment was first reported by NBC News.
In Cohn, Trump would once again be picking a veteran of a New York investment bank that he repeatedly denounced during the campaign. During the campaign Trump argued that Goldman held “total control” over both Democrat Hillary Clinton and GOP rival Ted Cruz and he even released a television ad that flashed an image of Goldman Sachs Chief Executive Lloyd Blankfein and warned of a “global power structure” that was robbing American workers.
But Trump has relied on several Goldman alums for key positions, so far. Steven Mnuchin, a 17-year veteran of the bank, is nominated to be the next Treasury secretary, and Steve Bannon, Trump’s chief strategist, worked on mergers and acquisition deals for Goldman Sachs. Hedge fund manger Anthony Scaramucci began his career at the New York bank and has emerged as one of Trump’s closest advisers on his presidential transition.
Cohn met with the Trump and Vice President-elect Mike Pence at Trump Tower at the end of November, and he would be, by far, the highest-ranking Goldman Sachs executive slated to serve in the Trump administration. Cohn, president and chief operating officer of the bank, was widely viewed as heir apparent at Goldman Sachs, poised to become CEO when Blankfein retired. He has been at the bank since 1990.
more:
https://www.washingtonpost.com/news/wonk/wp/2016/12/09/trump-to-name-goldman-sachs-veteran-gary-cohn-to-head-national-economic-council/?pushid=breaking-news_1481310695&tid=notifi_push_breaking-news&utm_term=.f4978d36f1d6
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