Hank Paulson

Hank Paulson

Gary Cohn's Parting Gift From Goldman: An Accelerated $124 Million

Leaving Goldman Sachs to work for the government has always been a lucrative career move: eight years ago, it allowed former Treasury Secretary Hank Paulson to sell $500 million in Goldman stock tax free, and now its the turn of Gary Cohn, Goldman's former COO and president, who is leaving to join Trump's cabinet, who is departing with an "accelerated" gift.

Trump May Appoint President Of World's Biggest Hedge Fund As Deputy Defense Secretary

For those who collect stats about how many billionaires will be represented in Donald Trump's administration, prepare to make some extra room because according to Bloomberg, David McCormick, president of the world's biggest hedge fund Bridgewater, is the front-runner for the post of deputy defense secretary, according to three people familiar with the presidential transition.

Goldman Appoints Harvey Schwartz, David Solomon As Co-COO Replacements For Gary Cohn

As the WSJ reported last night, this morning Goldman Sachs confirmed it has promoted Chief Financial Officer Harvey Schwartz and investment-bank co-head David Solomon to the role of co-COOs and co-presidents to replace Gary Cohn, who’s leaving to take a job in the Trump administration, and said Martin Chavez will succeed Schwartz as CFO.

Trump Picks Exxon CEO Rex Tillerson As Secretary Of State

In a move that is certain to infuriate those who see Trump as nothing more than a puppet of the Kremlin, moments ago NBC reported that Rex Tillerson, CEO of Exxon Mobil and late entrant into the SecState race, will be picked by Trump to serve as his next Secretary of State.

Trump's Bait And Switch?

Within the political-financial establishment, the more things change, the more, it seems, they stay the same. As Trump moves ahead with his cabinet picks, several of them already stand out in a Mellon-esque fashion for their staggering wealth, their legal entanglements, and the policies they seem ready to support that sound like eerie throwbacks to the age of Harding.

Wall Street Reacts To Steve Mnuchin Choice For Treasury Secretary

Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac.

The Fallacies Of Bernie Sanders

"If one places side-by-side the programs of Bernie Sanders and Ron Paul, one sees the difference between a false prophet, peddling his siren song of socialism, and a wise and far-seeing statesman."