Edition: India  
 
> >

Elizabeth Warren Blasts Trump's Treasury Pick, Calls Him ‘Forrest Gump Of Wall Street’

Duration: 01:09s - Published: < > Embed
News video: Elizabeth Warren Blasts Trump's Treasury Pick, Calls Him ‘Forrest Gump Of Wall Street’Elizabeth WarrenElizabeth WarrenDonald TrumpDonald Trump
Elizabeth Warren is far from pleased after Donald Trump's pick for Treasury Secretary was revealed. Donald Trump has named Steven Mnuchin, a former executive at Goldman Sachs, as the Treasury secretary, and Elizabeth Warren is far from pleased, reports Politico. In a statement, the Massachusetts senator calls Mnuchin the “...Forrest Gump of the financial crisis,” and noted that he "managed to participate in all the worst practices on Wall Street." She continues, “He spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money before he moved on to run a bank that was infamous for aggressively foreclosing on families."  Warren warns that the appointment, “should send shivers down the spine of every American who got hit hard by the financial crisis,” and characterizes it as, “the latest sign that Donald Trump has no intention of draining the swamp and every intention of running Washington to benefit himself and his rich buddies.” Notably, during his campaign, Trump frequently attacked the financial industry, notes the New York Times.  As part of his opposition message, he ran an ad that featured an image of a Goldman Sachs top executive as an example of those who had “robbed our working class."


0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Asia flat following a weaker Wall Street as Treasury yields hit 16-mth high

SINGAPORE (Reuters) - Asian shares were flat in early trade on Friday following mostly sluggish...
Reuters India - Business

U.S. economic outlook unmoved so far after Trump win – Reuters Poll | Reuters

By Sumanta Dey and Anu Bararia Donald Trump's shock White House win has not altered U.S. economic...
Firstpost - India

Two Silicon Valley tech executives with help with Trump's transition plans

Silicon Valley entrepreneur Peter Thiel has named two tech executives to help with President-Elect...
bizjournals - Business

Trump’s Treasury pick targets taxes, trade reforms – media | Reuters

By Dan Burns and Doina Chiacu | WASHINGTON WASHINGTON President-elect Donald Trump's pick to lead the...
Firstpost - IndiaAlso reported by •Reuters India


Oil drags on Wall Street, euro down ahead of ECB meeting | Reuters

By Sinead Carew | NEW YORK NEW YORK Oil futures snapped a four-day rally on Tuesday on signs of...
Firstpost - India

GLOBAL MARKETS-Asian stocks rise on back of Wall Street; gold slips

HONG KONG, Dec 6 (Reuters) - Asian stocks opened higher on the back of a strong Wall Street with...
Sify - BusinessAlso reported by •Reuters India


Donald Trump tapping Washington, Wall Street veterans for top Cabinet roles

President-elect Donald Trump is tapping conservatives with deep ties to Washington and Wall Street to...
Firstpost - India

Wall Street surges to new highs; transports set record | Reuters

By Lewis Krauskopf | NEW YORK NEW YORK Wall Street surged on Wednesday, with the Dow industrials and...
Firstpost - India

Japan’s SoftBank to invest $50 billion in United States | Reuters

WASHINGTON Japanese telecoms and internet firm SoftBank Group Corp (9984.T) plans to invest $50...
Firstpost - India

Indexes hit record highs as Trump rally continues | Reuters

By Yashaswini Swamynathan A month-long rally on Wall Street, sparked by Donald Trump's election as...
Firstpost - India


You Might Like

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2016 newsR / One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter