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Cohn marks the fourth Goldman Sachs appointment into the administration. He joins 17-year Goldman Sachs veteran Steve Mnuchin, who was nominated to be Secretary of the Treasury, and former Goldman Sachs investment banker and managing partner Steven K. Bannon, Trump’s chief strategist, in the cabinet. Also, Anthony Scaramucci, who spent seven years at Goldman Sachs, is advising the president-elect on the transition team.
This coziness with Goldman Sachs stands in stark contrast to statements President-elect Trump made on the campaign trail. Trump pointedly attacked rival Republican Sen. Ted Cruz, R-Texas (A, 97%) repeatedly on the issue of Cruz’s connections to the financial giant. Cruz’s wife Heidi is a former Goldman Sachs employee.
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
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
Wow! Ted Cruz received $487K in campaign contributions, $11M from a NY hedge fund mogul, & $1M low int. loan from Goldman Sachs. Hypocrite
— Donald J. Trump (@realDonaldTrump) January 16, 2016
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
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Despite all that rhetoric blasting Goldman Sachs, Trump has not hesitated to move Goldman Sachs alumni into positions of power in his administration. Several people have picked up on the hypocrisy.
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