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Gary Cohn, a Goldman Sachs Partner, Wrong Choice for Fed Chairman


It would be hard to imagine a Fed Chairman worse than Janet Yellen, but unfortunately we don't have to imagine one; because President Trump will probably appoint Gary Cohn to Yellen's job.
John Tammy does a good job in the attached article telling us why Gary Cohn would be a bad choice for Fed Chairman. However it won't matter, because Trump values personal loyalty to him above all else.



I just want to point out:
If President Trump appoints Gary Cohn, a recent Goldman Sachs partner, as the new Federal Reserve chairman, a week after the appointed Anthony Scaramucci, another Goldman Sachs executive, as his Communication Director; I think we can safely say that Trump is truly draining the Swamp. The only problem is Trump is draining the swamp by sucking it up into his own administration. The only thing that will be drained is the executive lounge at Goldman Sachs in New York, and our own bank accounts.
This is ironic because Ted Cruz was seemly disqualified for President, because Ted Cruz took out a loan against his investment portfolio at Goldman Sachs to run for the Senate in Texas. Donald Trump said Ted Cruz was beholding to Goldman Sachs for a loan that was already repaid. So, while Trump had Goldman Sachs people running his campaign finances, he and his supporters railed against Heidi Cruz because she was a personal account manager at a branch of Goldman Sachs. From all account Heidi was good at her job, so good, she was probably the reason Ted Cruz could afford to run for Senate against the Bush backed GOP establishment.
Maybe you recall how Trump delegates ganged up on Heidi Cruz, yelling "Goldman Sachs, Goldman Sachs" until security had to escort her out of the convention. All the while Donald Trump sat there smiling.

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Safari Woman
You got a point - but - Goldman employs over 34 thousand people https://www.statista.com/statistics/250641/number-of-employees-at-goldman-sachs/ including some of the best and brightest - sharpest - minds around. That's a lot of pool space when it comes to choosing swimmers.... I just hope he chose ...
  • August 2, 2017
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