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boston bean

(36,224 posts)
Thu Nov 17, 2016, 01:27 PM Nov 2016

Bankers celebrate dawn of Trump era

A populist candidate who railed against shady financial interests on the trail is putting together an administration that looks like an investment banker's dream.

NEW YORK — Christmas has arrived early for Wall Street in the early days of the Donald Trump era.

A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment banker’s dream.

Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that he’s the leading candidate for Treasury secretary. Billionaire investor Wilbur Ross appears headed to the Commerce Department. Steve Bannon, another Goldman alum, will work steps from the Oval Office. JPMorgan Chase CEO Jamie Dimon remains a possibility as Treasury secretary and will serve as an outside adviser if he doesn't get the job.

It’s a restoration of Wall Street power — and a potential flip in the way the industry is regulated — perhaps unparalleled in American history.


http://www.politico.com/story/2016/11/donald-trump-wall-street-bankers-231524
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Bankers celebrate dawn of Trump era (Original Post) boston bean Nov 2016 OP
Here's one example.... muntrv Nov 2016 #1
We must get ready for the next global economic meltdown. MoonRiver Nov 2016 #2

muntrv

(14,505 posts)
1. Here's one example....
Thu Nov 17, 2016, 01:31 PM
Nov 2016

OneWest Bank shut out nonwhite borrowers while owned by Steve Mnuchin-led group, advocates say


By James Rufus Koren

November 17, 2016, 3:05 a.m.



Two California advocacy groups have asked federal housing regulators to investigate Pasadena’s OneWest Bank over allegations that it discriminated against or failed to serve minority communities.

SEE MORE AT LINK BELOW

http://touch.latimes.com/#section/-1/article/p2p-91905526/

MoonRiver

(36,926 posts)
2. We must get ready for the next global economic meltdown.
Thu Nov 17, 2016, 01:39 PM
Nov 2016

Nobody, apparently, learned the first time. Weighing my options for getting funds out of the stock market, and into something safe(r). Wonder if anything will be really safe, post 1/20/17, but stocks will be particularly risky, imho.

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