Cross-posted from Naked Capitalism
In this Real News Network segment, Bill Black describes why elite bankers will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified (the areas he worked in at Goldman would have given him little in the way of exposure to regulatory and compliance matters) and has been a predatory mortgage servicing profiteer.
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