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Hedge fund manager 'takes glee' over how Donald Trump conned his voters
Hedge fund manager 'takes glee' over how Donald Trump conned his voters
By Mark Sumner
Wednesday Nov 30, 2016 · 4:59 PM EST
Well done, you poor fools. Well done.
Back up the truck right up to the swamp, boys. Trump is bringing in a fresh load of alligators.
Hedge fund manager Whitney Tilson was feeling happy Wednesday morning.
After Donald Trump ridiculed Wall Street on the campaign trail, the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower.
It would suit Tilson just fine if voters who backed Trump because he promised to rein in Wall Street are furious now that he’s surrounding himself with bankers and billionaires.
“I can take glee in that -- I think Donald Trump conned them,” said Tilson, who runs Kase Capital Management. “I worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.”
After Donald Trump ridiculed Wall Street on the campaign trail, the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower.
It would suit Tilson just fine if voters who backed Trump because he promised to rein in Wall Street are furious now that he’s surrounding himself with bankers and billionaires.
“I can take glee in that -- I think Donald Trump conned them,” said Tilson, who runs Kase Capital Management. “I worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.”
Gleeful Wall Street hedge fund managers. I think everyone can agree that’s mission accomplished. It certainly is as far as Wall Street is concerned.
If you were wondering why Wall Street recovered from it’s Trump Slump with unexpected speed, it’s because Trump immediately showed that he was not just ready and willing to play ball, but actually in a hurry to concede the whole game.
more...
http://www.dailykos.com/story/2016/11/30/1605694/-Hedge-fund-manager-takes-glee-over-how-Donald-Trump-conned-his-voters?detail=facebook
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