It’s now time for us, as a nation, to come together and congratulate the winner of the 2016 presidential election: Goldman Sachs.
Many Donald Trump voters likely believed his victory would be a loss for Goldman. At the Republican convention, a man who seemed to take Trump’s twitter attacks on Goldman seriously screamed “Goldman Sachs!” at Ted Cruz’s banker wife as she fled the convention floor. Trump’s own final campaign video declared that he would do battle against the “global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations” — as personified on screen by Goldman Sachs CEO Lloyd Blankfein.
But that was then. As Anthony Scaramucci, a hedge fund manager and top adviser to Trump, as well as a former Goldman Sachs banker himself, put it Thursday: “I think the cabal against the bankers is over.”
The headlines on Friday were that the director of Trump’s National Economic Council will be Gary Cohn, the president and chief operating officer of Goldman Sachs. Meanwhile, Trump’s pick for treasury secretary is Steven Mnuchin, a one-time Goldman Sachs partner whose father was also a Goldman partner. Stephen Bannon, Trump’s chief strategist, also once worked for Goldman.
Of course, a Hillary Clinton win would have been a victory for Goldman Sachs too. She was paid $675,000 by Goldman for three speeches, had previously received large campaign donations from Blankfein, and her son-in-law runs a hedge fund whose investors include Blankfein.
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