{"id":22449,"date":"2017-01-11T16:52:32","date_gmt":"2017-01-11T21:52:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22449"},"modified":"2017-01-11T16:52:32","modified_gmt":"2017-01-11T21:52:32","slug":"is-trump-draining-the-swamp-or-filling-it","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22449","title":{"rendered":"Is Trump Draining the Swamp or Filling It?"},"content":{"rendered":"
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Is Trump Draining the Swamp or Filling It?\u00a0<\/a><\/h3>\n<\/div>\n
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\"trump-cohen\"<\/a><\/p>\n

Trump has broken his\u00a0<\/span>word\u00a0and is by no means draining the swamp \u2014 he is filling it. He has really betrayed a lot of people by his nomination of Gary D. Cohn\u00a0as Director of the National Economic Council, which is a policy-making position for domestic and international economic issues.<\/p>\n

The one legal firm in New York that defends the bankers is Sullivan & Cromwell. Trump has named a\u00a0lawyer from that firm, Jay Clayton, to serve as Wall Street\u2019s top cop as Chairman of the Securities and Exchange Commission. There is absolutely no possible way Clayton will call the bankers to account for anything. In fact, it would probably be a huge conflict of interest to bring charges against any bankers in New York when\u00a0Sullivan & Cromwell will most likely represent them (including Goldman Sachs).<\/p>\n

I am much less concerned about Steven Mnuchin, who left Goldman long ago, than I am with Cohn and the appointment of Clayton.\u00a0Jared Kushner, Trump\u2019s son-in-law, is a close friend of Cohn, and he set up the first meeting with Trump. I do not see how he will \u201cdrain the swamp\u201d with ties to Goldman Sachs. These appointments are no different from Bush, Bill Clinton, or Hillary Clinton. I remain skeptical at this point of any real reform in the swamp.<\/p>\n

So for all those who have sent emails betting on me advising Trump behind the scenes simply because I was seen walking into Trump Tower a few weeks ago: 1) I was not there to meet with Trump, and 2) I would be outnumbered by his Goldman advisers, so why bother? Sorry \u2014 I have no interest in getting involved with this crew. I do not want to have to count my fingers, assuming I even would shake hands.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is Trump Draining the Swamp or Filling It?\u00a0 Trump has broken his\u00a0word\u00a0and is by no means draining the swamp \u2014 he is filling it. He has really betrayed a lot of people by his nomination of Gary D. Cohn\u00a0as Director of the National Economic Council, which is a policy-making position for domestic and international economic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[7844,14658,376,5479,827,860],"class_list":["post-22449","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-donald-trump","tag-drain-the-swamp","tag-goldman-sachs","tag-martin-armstrong","tag-united-states","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22449"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22449\/revisions"}],"predecessor-version":[{"id":22450,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22449\/revisions\/22450"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}