[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Sign-in] [Mail] [Setup] [Help] [Register]
Status: Not Logged In; Sign In
|
(s)Elections See other (s)Elections Articles Title: Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman ZeroHedge... In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. Trump announced that heading up his own personal fundraising operation as national finance chairman will be Steven Mnuchin, a long-time business associate, chairman and CEO of the hedge fund Dune Capital. More importantly, however, he spent 17 years at Goldman Sachs where he was most recently a Partner, having built a fortung of $46 million before launching his own hedge fund. While employed at Goldman, he purchased the remains of IndyMac Bank (now known as OneWest Bank), the Pasadena, California-based mortgage lender that collapsed in 2008. "Notoriously press-shy, the executive endured 2011 protests on the lawn of his Bel Air mansion by foreclosed homeowners angered at his lender's handling of soured mortgages." As Zero Hedge readers are familiar, Trump often critized his main competitor Ted Cruz for his links to the bank because of loans used to finance Cruz’s Senate campaign, and because Heidi Cruz was a one-time employee of Goldman. "I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate. He had no qualms, however, in hiring one of the most prominent Goldman alums to raise money for him. In addition to Goldman, Mnuchin also worked at Soros Fund Management, whose founder, George Soros, has funded many left-leaning causes. Where it gets even more bizarre is that Mnuchin has donated frequently to Democrats, including to Clinton and Barack Obama. As a hedge fund manager, Mnuchin is part of a group of businesspeople Trump has excoriated. In August, Trump said hedge fund managers were "getting away with murder" as he touted his proposal to end the so-called carried interest loophole, which gives private equity and hedge fund managers preferential tax treatment. "The hedge fund guys didn't build this country," Trump said at the time on CBS' Face the Nation. "These are guys that shift paper around and they get lucky," he said. "They are energetic. They are very smart. But a lot of them—they are paper-pushers. They make a fortune. They pay no tax. It's ridiculous." They apparently are also very good at raising money. Some more on Mnuchin's background: starting his career in the early 1980s as a trainee at Salomon Brothers before moving to Goldman Sachs in 1985, Mnuchin was front and center for the advent of instruments like collateralized debt obligations and credit default swaps. He has called securitization “an extremely positive development in terms of being able to finance different parts of the economy and different businesses efficiently.” The pitfalls of the financing method came later, he's said. Mnuchin's father, Robert Mnuchin, was a partner at Goldman Sachs in the 1960s. The second-youngest of five siblings, Steven attended the prestigious Riverdale Country School and then Yale University, where his roommate was Edward Lampert, who would go on to become a hedge-fund manager and owner of Sears. More recently, in October 2014 Mnuchin became co-chairman of the board of the Hollywood studio Relativity Media due to Dune's fascination with movies. Dune has provided financing for batches of winning movies, like the “X-Men” franchise and “Avatar,” Hollywood’s all-time box-office champion. Relativity Media filed for bankruptcy last summer, just a few months after Mnuchin's arrival. According to Variety, Dune was intimately involved in the studio's failure. The money-man and fellow investors in a Dune Capital fund are said to have lost as much as $80 million — equity that is almost certain to be lost for good, said two sources familiar with the situation. And disgruntled Relativity investors privately are questioning how a bank Mnuchin once headed –OneWest Bank of Pasadena – was allowed by Relativity to drain $50 million from the studio just weeks prior to the July 30 insolvency filing. Mnuchin had left Relativity just days before the company reached an agreement with OneWest to extend the loan deadline and allow the bank to claim that money. To be sure, Hillary Clinton, who in turn has been attacked for her paid speeches to Goldman Sachs, also has a high-ranking Goldman official in her ranks, former CFTC commissioner Gary Gensler, who is the former secretary of state’s chief financial officer and whom she is grooming for a potential Treasury Secretary. But for Trump, a self-professed "anti-establishment" candidate, who has repeatedly stated he will fund his own way and is not "for sale to special interest groups", his sudden proximity to Wall Street comes as a big surprise and will leave many of his supporters demanding an explanation. Poster Comment: Just a stratagem to bring on side the anti-Trump, noticeably Jewish, 98 Conservative-GOPs as well Sayanim and their MSM. 0-Hedge posters: Squid Viscous... let the jews handle the money, I'll handle the rest knukles... This is either an Aaaaarrraragghh! or he knows how to get shit done, will use whomever he needs to and doesn't care whether you like it or not. Save_America1st this guy might not last til tomorrow from the sound of this article: Son of Loki...The names smells fishy. I bet he changed it to a simple, "Munchkin" from Finkelsteinbergerwasserman. But it's a smart move. Jews know how to handle money and legal matters. They've been doing it since before Christ. Trump needs to beat the Hildebeast and the looney Sanders by Hook or Crook(ed) Pravda Forum posters bit more suspicious: #2 [Oh dear, the Jew media couldn't destroy Trump, new tactic, destroy from within...Sheldon Adelson will support Trump as Republican nominee: Mario Milano Shura said: : "Can you imagine if some Palestinian or Arab was sitting like this next to a Palestinian flag, and telling America to shove it. What would dumbed down America say?" Na I can't because I have yet to see a Palestinian that looks like Satan himself like Adelson looks...These ugly Khazar Jews sure have evil written all over them http://engforum.pravda.ru/index.php?/topic/272311-oh-dear-the-jew-media-couldnt-destroy-trump-new-tactic-destroy-from-withinsheldon-adelson-will-support-trump-as-republican-nominee/ Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: All (#0)
ed note–Before the all-too-predictable wailing and gnashing of teeth begins in knee-jerk fashion with the usual suspects reacting in the usual way with ‘NYAA HUH, NYAA HUH…TOLD YA IT WAS ALL AN ACT…TRUMP IS A ZY-NIST AND DUH JOOZ LUV IM’, please remember that Adelson’s comments are exactly what organized Jewish interests HAVE to do now that Trump is the presumptive nominee, and especially if they know ahead of time that Trump will meet with some kind of ‘accident’, as they want it established way ahead of time that they were ‘friendly to him’. A certain phrase from the Godfather Pt II comes to mind–‘Keep your friends close, but your enemies closer’, as detailed in the(video) clip below– ------------------------------- Times of Israel: Prominent Republican donor Sheldon Adelson on Thursday said he would support Donald Trump for the US presidency. “Yes. I’m a Republican, he’s a Republican,” Adelson said at a Manhattan event when asked if he would back Trump, according to The New York Times. “He’s our nominee. Whoever the nominee would turn out to be, any one of the 17 — he was one of the 17. He won fair and square.” The Jewish billionaire, and owner of the pro-Prime Minister Benjamin Netanyahu daily Israel Hayom, said he believes Trump “will be good for Israel,” and noted, without elaborating, that the two spoke recently. Adelson donated tens of millions of dollars to Mitt Romney and organizations supporting the Republican challenger in the last election, and was by far the largest such donor. Adelson had previously declared Trump to be “very charming” after meeting him in December, but stopped short of endorsing him or supporting his campaign. Trump has prided himself in his campaign speeches on not needing the support of mega-donors like Adelson, whom other candidates, at the time, were assiduously courting. In October, Trump tweeted “Sheldon Adelson is looking to give big dollars to Rubio because he feels he can mold him into his perfect little puppet. I agree!” US Speaker of the House Paul Ryan, the nation’s top Republican, said Thursday he was not yet prepared to support Trump as the party’s presumptive presidential nominee, signaling a deep rift within the GOP. “To be perfectly candid… I’m just not ready to do that at this point,” Ryan told CNN. “I hope to, though, and I want to. But I think what is required is that we unify this party.” Ryan, who repeated he would not accept the nomination in case of a contested convention, was the Republican vice presidential nominee in 2012 and is currently second in line to the presidency. “He’s got some work to do,” Ryan said, noting that “the bulk and the burden” was on Trump to begin the healing after a brutal primary campaign and the brash billionaire’s string of insulting remarks about other candidates, Muslims, Mexicans, refugees, women and others. “It’s time to set aside bullying. It’s time to set aside belittlement,” Ryan said. Thursday’s comments were all the more startling because Trump has now emerged as the party’s standard-bearer and Ryan will be co-chairman of the Republican presidential nominating convention in July. Trump shot back within minutes. “I am not ready to support Speaker Ryan’s agenda,” he said in a statement. “Perhaps in the future we can work together and come to an agreement about what is best for the American people.” Trump won Tuesday’s hotly contested Indiana primary, pushing Ted Cruz and John Kasich out of the race and leaving him as the presumptive nominee. theuglytruth...blican-nominee/ Edited by Mario Milano,
"They call it the American Dream ... because you have to be asleep to believe it" George (the sage) Carlin ! "Honest, April 15th is the real April Fool's Day". "The almighty Dollar ain't worth a buck". "White Lives Matter Most if you're white" Doug Scheidt
|
||
|
[Home]
[Headlines]
[Latest Articles]
[Latest Comments]
[Post]
[Sign-in]
[Mail]
[Setup]
[Help]
[Register]
|
||