Don't worry about it, last time Goldman Sachs was in the US Treasury he spent most of his time in China. Mr. Mnuchin can visit with his former peer at Goldman, Hank Paulson (click here).
Mnuchin joined Trump’s whirlwind campaign in May as finance chairman, despite the fact that he has never worked in politics and that he donated to Democrats in the past. He quickly earned Trump’s trust as he worked closely with the Republican National Committee to raise substantial amounts of money in a short period of time. On the policy front, he was instrumental in crafting the details of Trump’s proposal to overhaul the tax code....
By the way, there are five positions opening at the Federal Reserve during the next four years.
November 18, 2016
By Dan Burns and Jennifer Ablan (see link above at Paulson)
With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit - Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection process under President Barack Obama.
Unlike current Secretary Jacob Lew, who assumed the role in early 2013 with little fanfare and has operated largely in the background, the next Treasury chief is expected to be a featured player in articulating and executing the Trump administration's economic policies and initiatives.
"You need somebody who has the experience and the knowledge and understands the gravity of the position," said Richard Bernstein, chief executive of Richard Bernstein Advisors LLC, an asset management firm. "It's a huge position. It has implications not only for the U.S. economy but also the global economy."...
There is a volunteer from Goldman Sachs to serve as Secretary of State.
November 15, 2016
By Jennifer J. Jacobs
...Bolton would likely face a tough confirmation (click here) fight in the Senate, particularly after Republican Senator Rand Paul of Kentucky, a member of the Senate Foreign Relations Committee, said Tuesday that he would strongly oppose Bolton. Two other contenders have emerged in addition to Giuliani: former Deputy Secretary of State Richard Armitage, who served under Colin Powell, and Henry Paulson, who was Treasury secretary under Bush, according to one person familiar with the transition....
See, Hank Paulson made this huge investment in China and opened a financial firm after leaving his Secretary of the Treasury post. I guess things in China didn't pan out as he expected, so a post as Secretary of State would provide him the seat of power to turn things around to benefit his Chinese financial firm.
Noooooo, this folks are corrupt. Not at all. They are simply incompetent financial wealthy men that have no foresight. That's all.
Get this right. This is a perfect time to do so.
The men that head up the most abusive financial firms in the world, simply game the system. They don't care if the game is at the Treasury post of then USA, it is just the next seat to secure to improve their game.
Got that?
But, before Goldman Sachs could take over the US federal government they had to clean up those pesky fines.
November 6, 2016
By Karen Freifeld
Goldman Sachs Group Inc. (click here) has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis.
ACA Financial Guaranty Corp. claimed Goldman and the hedge fund headed by John Paulson tricked it into insuring the CDO, which was tied to subprime mortgage securities....
Oh, interesting. Goldman Sachs Group was actually going to double dip insurers along with AIG. Well, that is somewhat clever. Did they actually think they wouldn't get caught?
Recently, Goldman Sachs have executives leaving the firm.
November 7, 2016
By Sam Shead
In 2014, Rahul Parekh (click here) left his job as a derivatives trader at Goldman Sachs in order to launch his own food company.
That company, EatFirst, is now shipping ready made meals to people's homes and offices across London and is considering expanding to other UK cities from next spring....
October 17, 2016
By Michael J. de la Merced
San Francisco — One of Goldman Sachs’s top bankers in Asia (click here) is planning on retiring after nearly three decades at the firm.
16 Mark Schwartz, who is chairman of Goldman’s Asia Pacific region and a vice chairman of the firm, will retire at the end of the year, the firm said in an internal memorandum on Monday.
His departure comes as Goldman faces challenges in Asia, particularly a slowdown in investment banking in the region for all Western firms. Goldman is expected to lay off a significant number of its bankers in Asia. (Mr. Schwartz’s plans were unrelated to those issues.)...
I have to start this now because by the time the mischief shows up there will be no time to work up the background noise.
21 November 2016
By Jill Treanor
One of the City’s most influential and highest-paid bankers, (click here) Michael Sherwood, is leaving Goldman Sachs after a 30-year career, including becoming embroiled in controversy over the collapsed retailer BHS.
There is a volunteer from Goldman Sachs to serve as Secretary of State.
November 15, 2016
By Jennifer J. Jacobs
...Bolton would likely face a tough confirmation (click here) fight in the Senate, particularly after Republican Senator Rand Paul of Kentucky, a member of the Senate Foreign Relations Committee, said Tuesday that he would strongly oppose Bolton. Two other contenders have emerged in addition to Giuliani: former Deputy Secretary of State Richard Armitage, who served under Colin Powell, and Henry Paulson, who was Treasury secretary under Bush, according to one person familiar with the transition....
See, Hank Paulson made this huge investment in China and opened a financial firm after leaving his Secretary of the Treasury post. I guess things in China didn't pan out as he expected, so a post as Secretary of State would provide him the seat of power to turn things around to benefit his Chinese financial firm.
Noooooo, this folks are corrupt. Not at all. They are simply incompetent financial wealthy men that have no foresight. That's all.
Get this right. This is a perfect time to do so.
The men that head up the most abusive financial firms in the world, simply game the system. They don't care if the game is at the Treasury post of then USA, it is just the next seat to secure to improve their game.
Got that?
But, before Goldman Sachs could take over the US federal government they had to clean up those pesky fines.
November 6, 2016
By Karen Freifeld
Goldman Sachs Group Inc. (click here) has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis.
ACA Financial Guaranty Corp. claimed Goldman and the hedge fund headed by John Paulson tricked it into insuring the CDO, which was tied to subprime mortgage securities....
Oh, interesting. Goldman Sachs Group was actually going to double dip insurers along with AIG. Well, that is somewhat clever. Did they actually think they wouldn't get caught?
Recently, Goldman Sachs have executives leaving the firm.
November 7, 2016
By Sam Shead
In 2014, Rahul Parekh (click here) left his job as a derivatives trader at Goldman Sachs in order to launch his own food company.
That company, EatFirst, is now shipping ready made meals to people's homes and offices across London and is considering expanding to other UK cities from next spring....
October 17, 2016
By Michael J. de la Merced
San Francisco — One of Goldman Sachs’s top bankers in Asia (click here) is planning on retiring after nearly three decades at the firm.
16 Mark Schwartz, who is chairman of Goldman’s Asia Pacific region and a vice chairman of the firm, will retire at the end of the year, the firm said in an internal memorandum on Monday.
His departure comes as Goldman faces challenges in Asia, particularly a slowdown in investment banking in the region for all Western firms. Goldman is expected to lay off a significant number of its bankers in Asia. (Mr. Schwartz’s plans were unrelated to those issues.)...
I have to start this now because by the time the mischief shows up there will be no time to work up the background noise.
21 November 2016
By Jill Treanor
One of the City’s most influential and highest-paid bankers, (click here) Michael Sherwood, is leaving Goldman Sachs after a 30-year career, including becoming embroiled in controversy over the collapsed retailer BHS.
Sherwood, a Londoner who joined Goldman after graduating from Manchester University, plans to focus on charitable activities when he leaves the US bank in about six months.
A former bond trader who was paid $21m (£16.8m) last year, Sherwood usually keeps a low public profile. But this year he appeared before MPs investigating the collapse of BHS, which put 11,000 jobs at risk and left a £571m pension deficit. It was a public appearance that Goldman bankers would usually prefer to avoid. The bank is proud of its work behind the scenes in securing deals and offering advice to governments and big businesses.
But Goldman was forced to talk about its relationship with Sir Philip Green when he was selling BHS. Green said he was “1,000,000%” would not have sold the department store chain to Dominic Chappell had the buyer not passed an informal vetting by the bank....
