Goldman Sachs president Gary Cohn has been offered the directorship of the Trump White House’s National Economic Council, anonymous sources told NBC News and Bloomberg Politics Friday. It is the most recent in a series of potential Trump hires from the financial services giant that Trump himself criticized heavily during the presidential campaign and tried to hang around Hillary Clinton’s neck.
In Trump’s closing advertisement before Election Day, a two-minute spectacular focused on blood-sucking elites, Cohn’s only senior at Goldman, CEO Lloyd Blankfein, flashed on screen while Trump said: “It’s a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations and political entities.”
Cohn joins several Goldman Sachs alumni already expected to be in the new administration.
Steve Mnuchin, Trump’s pick for Treasury secretary, spent 17 years at Goldman Sachs before striking out on his own. His father and brother also had high-profile careers at the investment bank. Steve Bannon, formerly Trump’s campaign CEO and now his chief strategist, worked at Goldman Sachs in the 1980s in mergers and acquisitions.
Anthony Scaramucci, one of Trump’s top transition advisers and a frequent cable news talking head, had two separate stints at Goldman Sachs, most recently as vice president in private wealth management, according to CNN Money. Cohn became a partner at Goldman Sachs in 1994, four years into a lengthy career there.
Asked on CNN Friday about Goldman Sachs’ increasing influence in Trump’s inner circle, Scaramucci said, “I think the cabal against the bankers is over.”
As Mediate pointed out Friday, Trump frequently used his political opponents’ real or imagined ties to Goldman Sachs to characterize them on Twitter. Sen. Ted Cruz’s wife Heidi works for Goldman Sachs in Texas, a connection that Trump that Trump noted during the primaries:
Was there another loan that Ted Cruz FORGOT to file. Goldman Sachs owns him, he will do anything they demand. Not much of a reformer!
— Donald J. Trump (@realDonaldTrump) January 16, 2016
Cruz says I supported TARP, which gave $25 million to Goldman Sachs, the bank which loaned him the money he didn’t disclose. Puppet!
— Donald J. Trump (@realDonaldTrump) January 23, 2016
Is Cruz honest? He is in bed w/ Wall St. & is funded by Goldman Sachs/Citi, low interest loans. No legal disclosure & never sold off assets.
— Donald J. Trump (@realDonaldTrump) January 23, 2016
Trump’s connections to the bank did not run very deep before he picked its current and former employees to work for him. William D. Cohan, author of the book “Money and Power: How Goldman Sachs Came to Rule the World,” told WNYC’s Richard Hake Tuesday that Trump’s ties to the investment bank as a real estate developer and reality show star were “non-existent, period.”
“Goldman used to use Donald Trump as the poster child for the kind of client they did not want the firm to do business with,” he said.
Goldman Sachs leadership now seems unfazed by Trump’s campaign rhetoric. “Mr. Trump may turn out to be a much better president than anyone else might have been in that place,” CEO Blankfein said in an interview with the German newspaper Handelsblatt, reported by Business Insider. “He’s a very smart guy, a businessman… I am not pessimistic at all because he won.”
Trump: I want to be owned by Goldman Sachs. They will give me and my family $$Billions. I will be a real billionaire.
The Con Man hires the Cohn Man. Crooked is as Crooked does.
A month ago, Trump supporters were probably ready to burn Goldman Sachs to the ground. Now, they’re all OK with it.
I miss reality. I really do.
tRump is keeping his promise to his voters to “drain the swamp”. What the CMIC (Con Man In Chief) didn’t tell them is that the drain funnel would end at 1600 Pennsylvania.