File - In this Wednesday, Aug. 31, 2016, file photo, Republican presidential candidate Donald Trump speaks during a joint statement with Mexico's President Enrique Pena Nieto in Mexico City. (AP Photo/Dario Lopez-Mills, File)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The nominations of Steven Mnuchin and Wilbur Ross to the Trump cabinet Wednesday positions Wall Street to exert renewed influence over the US economy after retreating somewhat in the Obama years.Mnuchin, 53, President-elect Donald Trump's pick to head the Treasury Department, spent 17 years at Goldman Sachs, where he worked on complex financial derivatives that were later at the heart of the 2008 financial crisis. During the presidential campaign, Trump attacked Democratic candidate Hillary Clinton over her close ties to Wall Street. Trump's closing television campaign ad even included a shot of Goldman Sachs chief executive Lloyd Blankfein, part of a global financial and political elite that Trump depicted himself as challenging. But since winning office, Trump has turned to several financial insiders. Since Trump's election, Goldman Sachs has surged 20 percent, Morgan Stanley 21 percent, JPMorgan 14 percent, Bank of America 23 percent, Citigroup 15 percent and Wells Fargo 16 percent.
FOLLOW THIS ARTICLE