Yet another man tied to Goldman Sachs is entering the Trump administration. This time it’s bank president Gary Cohn. Cenk Uygur, John Iadarola, and Jimmy Dore, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"Now, Trump is putting Goldman executives at the helm of his administration's economic team. He's expected to name bank president Gary Cohn to an influential White House policy post, according to two people informed of the decision, and has already nominated former Goldman executive Steve Mnuchin to lead the Treasury Department. Steve Bannon, Trump's incoming White House senior adviser, also worked at Goldman before becoming a conservative media executive.
Wall Street executives have long wielded influence in Washington, filling top jobs in both Republican and Democratic administrations. Goldman Sachs itself has produced several Treasury secretaries, White House chiefs of staff and top economic advisers.
But the financial industry's high-level presence in Trump's burgeoning administration runs counter to some core campaign messages that energized his supporters.
Trump repeatedly warned that Clinton's Wall Street ties — the Democrat gave paid speeches to Goldman and other banks — meant she would never reform the financial industry. He promised that he would "drain the swamp" in Washington, a city he painted as beholden to financial and political special interests. And he cast himself as a champion for working-class people who watched the big banks grow wealthier after a government bailout, but haven't seen the effects of an improving economy in their own lives.”*
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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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