Nov. 29, 2016: Goldman Sachs ‘ COO Gary Cohn is coming in the Trump Tower in New York.
(Copyright 2016 The Associated Press. All rights reserved.)
President-elect, Donald Trump, Goldman Sachs veteran, Gary Cohn the head of the National Economic Council, Fox News picked up confirmed Friday.
Cohn, of 56, he worked at Goldman Sachs for more than two decades. When he took up the post, he accepts an important role in the design of Trump economic policy would be, which could also control the lowering of the companies, and a shift in US trade policy.
You are leaving the Wall Street gig for Washington would be left in need of Cohn, his 21 million Dollar a year job as President and chief operating officer at Goldman Sachs.
Trump’s pick of a Wall Street insider from Goldman Sachs raises some eyebrows. The President-elect defamed repeatedly Goldman in the election campaign. However, since the choice, to win, he is a three-bank has chosen to fill the alumni of the top spots in his administration.
Steven Mnuchin, the nominated Minister of Finance, and Steve Bannon, Trump’s chief strategist and a senior Advisor, also worked at Goldman Sachs.
The National Economic Council, the national and global problems helps coordinate economic provides political advice to the President and to the monitoring, such as the White house is the agenda implemented by the government.
When Cohn the nomination is accepted, he is also the third Goldman executive to run the NEC. Robert Rubin was NEC Director under Bill Clinton, and Stephen Friedman had the job during the George W. Bush administration.
Cohn ‘ s way to Goldman was not the typical. He graduated unemployed at the American University in Washington, DC, and moved back into his parents ‘ house, after a speech he gave at his alma mater. Cohn found to calm, quickly working at US Steel, his father, only to pivot to a Wall Street job within a few months, which eventually led him to Goldman in 1990.
During the campaign, Trump to handle his competitors about your Goldman gang.
He criticized GOP primary opponent Ted Cruz for the reception of loan from the bank, where Cruz worked the woman’s to help pay for his Texas Senate race in 2012. And he rebuked Clinton for accepting large speaking fees from Goldman and for the public to share what they had, said the Banker.
“I know that the guys at Goldman Sachs,” said Trump in a South Carolina rally in February, when he was locked in a fierce battle with Cruz. “You have absolute, total control over him. Just like you have the full control of Hillary Clinton.”
Trump was even a video of Goldman Sachs chief executive Lloyd Blankfein in a campaign ad with the voiceover, “Hillary Clinton meets in secret with the international banks, to a representation of the destruction of U.S. sovereignty, in order to enrich this global financial powers, and their special interest friends and donors.”
But Trump seems to have since changed his mind.
In Dec. 9 speech in Des Moines, Iowa, Trump said: “I want the people who have made a fortune. Because now they are negotiating with you, okay?”
Fox News’ John Roberts and The Associated Press contributed to this report.