The wolves of Wall Street: Trumps Treasury contenders what big teeth they have . . .

The wolves of Wall Street: Trump’s Treasury contenders — what big teeth they have . . .

by Gary LeGum at Salon

http://www.salon.com/2016/11/18/the-wolves-of-wall-street-trumps-treasury-contenders-what-big-teeth-they-have/

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This might sound like hyperbole, but Politico yesterday quoted an historian to back it up:

“You would have to go back to the 1920s to see so much Wall Street influence coming to Washington,” said Charles Geisst, a Wall Street historian at Manhattan College. “It’s the most dramatic turnaround one could imagine. That’s the truly astonishing part.”

It’s a little scary when historians are saying that the major Wall Street banks had even less power in Washington during our recent period of deregulation, which spanned the presidencies of Bill Clinton and George W. Bush, than they probably will have over the upcoming four to eight years of the Orange Reign.

And it is also a remarkable turnaround since Trump spent so much of his general election campaign bashing Hillary Clinton for her ties to Wall Street. This came after a bruising Democratic primary in which Bernie Sanders bashed her for the same reason. Sanders’s popularity and Trump’s win, the pundits said, indicated an ascendant populist mood in the country. The fact that, in Trump’s case at least, said populism was a distraction meant to keep his fans from noticing that he would be restoring all the old Wall Street thieves and lackwits to prominent positions in Washington was duly noted by liberals but did not break through to enough voters. Or if it did, they did not care.



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