Yesterday it was widely reported in the business press that Mary Jo White is returning to her former law firm as a partner representing clients who face government investigations. This news is highly significant because it would appear that the U.S. Senate was seriously misled by White’s ethics letter in its deliberations to confirm her as the top cop of Wall Street.
According to Bloomberg, Goldman banker Jim Donovan is under consideration for the No. 2 job at the Treasury Department, but he’s got one big thing working against him: Too many “Goldman guys” already have high-up positions in the Trump administration.
In an ironic twist, on the day that President Trump announces that former Goldman COO Gary Cohn will be in charge of the "phenomenal" plan that will "massively cut taxes," Senator Elizabeth Warren has written to Goldman's Lloyd Blankfein seeking details on the extent to which the bank's employees (or former employees) are running the world.
The Federal Reserve's general counsel, Scott Alvarez, will retire this year after a 36-year career at the central bank including more than 12 years as head of the Legal Division. the Fed said Wednesday.
Moments ago, the Senate has voted to confirm Sen. Jeff Sessions (R-Ala.) as attorney general in a 52-47 vote that went along party lines, following days of rigorous discussion and capping a vicious debate that left Democrats and Republicans alike seething, and Elizabeth Warren barred from speaking.
"I want to know what the Russians have on Donald Trump. I think we have to have an investigation by the FBI into his financial, personal and political connections to Russia and we want to see his tax returns so we can have truth in the relationship [with] Putin, whom he admires,"
As previewed earlier today, moments ago President signed two executive aimed at starting the process of rolling back the regulatory system put in place after the financial crisis. Among the targets are rules that protect against predatory lenders, force brokers to lower fees for retirees and ban proprietary trading.
"From the point of view of the Left, Gorsuch may very well be the best they could have hoped for. The Left would be foolish to block this pick. I suspect relatively smooth sailing if Gorsuch handles himself well in senate hearings. But then again... there's Elizabeth Warren."
"When society loses a healthy founding myth, it descends into chaos. All these dudes think that one guy alone could somehow withstand the roving mob...No, you’re going to need to form a local militia. You just need so many things to actually ride out the apocalypse."