There’s a crucial institution in Washington that few in the media seem to be paying attention to, even as President Trump quietly makes it his own.
Nearly every regulatory institution tasked with monitoring the financial system is now run by someone who once profited from bending or breaking its rules.
The president is running America like one of his businesses.
Two former Goldman Sachs executives (pictured, Gary Cohn)—along with the Federal Reserve—are likely to control our economy and financial system in the years to come.
It’s been a month since the election, and here’s what’s clear: Crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s Cabinet picks.
When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.
If Trump wins the presidency, it will be as an anti-establishment maverick. And soon he'll be faced with a choice: save the United States or his own financial interests.
Donald Trump's going to need the establishment if he's to have a hope of raising the money and organizing the troops effectively enough to be elected. But power brokers don’t suffer the slings of “outsider” scorn lightly.