Friday, December 09, 2016

Trump picks Goldman Sachs president as National Economic Council Director

Sachs president and COO, has been picked for the position of Director of the National Economic Council.

The NEC, which resides in the Executive Office of the President, is more or less a think tank for economic policy — those who advise the commander-in-chief on decisions related to how the United States should handle fiscal situations like, oh I dunno, the 2008 Stock Market crash, which resulted in the loss of hundreds of thousands of jobs because big banks were trading slimy credit default swaps and robbing the everyday mortgage owner blind ....