Trump Screws Us Again, Taps Former Goldman Sachs Bigwig For Treasury Secretary (VIDEO)

President-elect Donald Trump’s announced his pick for Treasury Secretary tonight. It’s a doozy, but it’s not really a surprise. Steven Mnuchin (that’s mi-NEW-chin), a hedge fund guy who was a top executive at Goldman Sachs, served as Trump’s finance chairman during the campaign. The swamp is not draining; it’s getting deeper by the minute.

Oh Look, Another Conflict Of Interest

As Treasury Secretary, Mnuchin would be in charge of regulating the industry that made him a billionaire. He has zero experience in government, and any rational person knows that a government should not and cannot be run like a business.

Mnuchin is also an interesting pick, given Trump’s exhortations against Goldman Sachs during his campaign. Writing for the Washington Post,

“While on the stump, the ­president-elect frequently lambasted big banks — Goldman Sachs in particular — and advocated the reinstatement of the Glass-Steagall legislation that once separated retail and investment banks.”

Mnuchin’s confirmation will throw THAT right out the window.

The New York Times had this to say of the choice:

“Mr. Mnuchin’s selection fits uneasily with much of Mr. Trump’s campaign attacks on the financial industry. Mr. Trump, in a campaign ad intended as a closing argument, portrayed the chief executive of Goldman Sachs as the personification of a global elite that the ad said had ‘robbed our working class.'”

If confirmed, Mnuchin would also be the second person in Trump’s cabinet with ties to Goldman Sachs. Steve Bannon, Trump’s white supremacist Chief Strategist, began his career as an investment banker with the firm before launching his own businesses and eventually becoming the head Nazi in charge at Breitbart.

Mnuchin Faces Senate Confirmation

Unlike Bannon’s post, however, the Secretary of the Treasury must be confirmed by the Senate. And Democrats were quick to criticize the pick.

As Politico reported:

“Sen. Tammy Baldwin (D-Wis.), who has played a leading role in attacking the ‘revolving door’ between industry and government, said it was more proof that in GOP-controlled Washington ‘Wall Street, big banks, hedge funds and the wealthy will be writing the rules to make a rigged system work for them.’

This is a broken promise to ‘drain the swamp’ and not the change hardworking people in Wisconsin voted for,’ she said.”

And Senator Jeff Merkley (D-Ore.) tweeted:

Of course, the Republicans control the Senate, so we’ll see what happens.

There is another wrench to throw in this whole mix, though.

There is currently a discrimination case against OneWest, which was run by Mnuchin until 2015. The case is filed against CIT Group, which owns OneWest.

Guess who is on the board of CIT Group.

Oh, what a tangled web.

Featured Image via screenshot from Washington Post video

Carrie is a progressive mom and wife living in the upper Midwest.