Trump Used to Hate Goldman Sachs. What Happened?

Donald Trump is taking quite a bit of flak for appointing Goldman Sachs President and Chief Operating Officer Gary Cohn to be his National Economic Council Director.

Cohn marks the fourth Goldman Sachs appointment into the administration. He joins 17-year Goldman Sachs veteran Steve Mnuchin, who was nominated to be Secretary of the Treasury, and former Goldman Sachs investment banker and managing partner Steven K. Bannon, Trump’s chief strategist, in the cabinet. Also, Anthony Scaramucci, who spent seven years at Goldman Sachs, is advising the president-elect on the transition team.

This coziness with Goldman Sachs stands in stark contrast to statements President-elect Trump made on the campaign trail. Trump pointedly attacked rival Republican Sen. Ted Cruz, R-Texas (A, 97%) repeatedly on the issue of Cruz’s connections to the financial giant. Cruz’s wife Heidi is a former Goldman Sachs employee.

“I know the guys at Goldman Sachs,” Trump once said. “They have total, total control over [Cruz]. Just like they have total control over Hillary Clinton.”

Despite all that rhetoric blasting Goldman Sachs, Trump has not hesitated to move Goldman Sachs alumni into positions of power in his administration. Several people have picked up on the hypocrisy.

Will Donald Trump’s most ardent supporters be concerned with the appointment?

We’ll have to wait and see. (For more from the author of “Trump Used to Hate Goldman Sachs. What Happened?” please click HERE)

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