Trump said during his campaign that Wall Street had too much influence. Now he's appointed one of Wall Street's biggest players to a made-up position. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"Carl Icahn has been picked by President-elect Donald Trump to be a special adviser for overhauling regulations, putting the billionaire investor in a position to shape rules affecting businesses in which he has stakes.
“Carl was with me from the beginning and with his being one of the world’s great businessmen, that was something I truly appreciated," Trump said in a statement. “His help on the strangling regulations that our country is faced with will be invaluable.”
Icahn — whose net worth is $21.6 billion, according to Forbes — endorsed Trump, who repeatedly mentioned him as a potential Treasury secretary, lead negotiator on trade deals with China and Japan, or both.
Both men have spoken of the need for regulatory reform as key to jumpstarting the economy.
“It’s time to break free of excessive regulation,” Icahn said in the statement Trump’s transition team released."
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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