foreclosure
Donald Trump

Steve Mnuchin Flaunts His Association with Goldman Sachs as He Prepares his Own Personal Plan

Goldman Sachs Group Inc. and governments worldwide have a long history of swapping senior leaders, earning the bank the nickname “Government Sachs.” But the firm often takes pains not to look too chummy with its friends in high places.

LIT COMMENTARY

It is very obvious that Goldman Sachs and their executives and staff believe they are ‘above the intellect’ of the average human being. Our clipped video from 60 minutes interview with former VP of Goldman Sachs, Smith, shows the disdain and utter disrespect by Goldman for those it calls its “clients”. Indeed at LIT, we believe that is the type of ‘MAGA’ supporter which Trump and his hand-picked Cabinet (of the sleaziest bankers you could ever appoint) rely upon.

If you want to win an election in the US today, and you’re Donald Trump – you just need to be like those Goldman salesman – target the less sophisticated, less educated or as they refer to them in Europe – the idiots, the “MAGA muppets”. Certainly, Trump has surrounded himself with Goldman Bankers and Billionaires who ripped off millions of Americans before and after the Great Recession for financial greed and most of his cabinet were evicting millions of homeowners, families and the elderly to earn that dirty cash.

We also believe at LIT that Steven Mnuchin truly believes he is invincible and that the muppets don’t care if he is swaggering into his old workplace for a reunion dinner and perhaps planning his run for the President’s position. One thing is certain, Steve Mnuchin is a man Americans should be very aware of, he’s one with a personal agenda that will have a lasting impact on the US economy and the only winner will be his personal bank balance.

‘Government Sachs’ Reunites When Mnuchin Dines With Goldman Pals

Picture this: Treasury Secretary Steven Mnuchin at a dinner table in New York, surrounded by Hank Paulson, Jon Corzine and Gary Cohn, along with David Solomon. It’s not a Bernie Sanders nightmare — just the Goldman Sachs alumni dinner.

Goldman Sachs Group Inc. and governments worldwide have a long history of swapping senior leaders, earning the bank the nickname “Government Sachs.” But the firm often takes pains not to look too chummy with its friends in high places.

That’s why some Goldman veterans said they were surprised last month when Treasury Secretary Mnuchin, who has led the administration’s efforts to reshape financial regulation, attended the firm’s annual dinner for retired partners in New York’s Hudson Yards. While sitting in public office, especially in positions that allow them to oversee Wall Street, former executives have tended to avoid the soiree.

Mnuchin requested clearance to attend the dinner and received it, according to a spokesman for the Treasury Department, who said he was there in a personal capacity. A Goldman Sachs spokesman declined to comment.

The Goldman alumni dinner is less a college reunion and more a way to maintain ties between executives who’ve moved on to some of the most powerful spots in banking, private equity, hedge funds and government.

Mnuchin, who left the firm in 2002, was one of the dinner guests who’ve helped shape American policy in the 21st Century. Paulson was Treasury Secretary at the depths of the financial crisis, Corzine was a U.S. Senator and governor of New Jersey, and Cohn was the first director of President Donald Trump’s National Economic Council. They were joined by Solomon, the bank’s chief executive officer, and Lloyd Blankfein, his predecessor.

Sanders and Elizabeth Warren, both senators, are among the Democratic presidential candidates who have criticized the bank. Trump recruited the firm’s veterans for his administration even after one of his 2016 campaign ads showed Blankfein’s face as the candidate’s voice warned about a corrupt global power machine.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

texas lawyers

Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

Copyright © 2020 Laws In Texas | #RESTORETX | All Rights Reserved

To Top