His pick for the Director of the National Economic Council is Gary Cohn.
Cohn is Goldman Sachs.
In fact, Cohn is that Goldman Sachs that he wants de-regulation so that banks can go on the rampage again.
Not good.
Now just a few years after the crash, perhaps the memory of people’s suffering has dimmed in Cohn's brain, or the hunger for risk-taking is back.
Cohn has given numerous speeches to universities and has consistently lobbied Congress, arguing that although banks are safer now than pre-2008, they are not better. His logic is that banks being hampered by regulations means that consumers suffer. Has he conveniently forgotten how much we suffered without regulations less than a decade ago?
Donald Trump just appointed a key player in the 2008 global meltdownhttps://t.co/Zr363fHRnb
— Independent US (@IndyUSA) 9 December 2016
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