The Wall Street attorney chosen by President Donald Trump to head the Securities and Exchange Commission has worked on many of the kinds of deals the agency regulates and represented some of the biggest financial firms. A financial disclosure report Jay Clayton filed with the government reveals clients that pose potential conflicts of interest for the SEC job.
Category: Goldman Sachs
Trump SEC Pick Made Millions Representing Banks, Hedge Funds
President Donald Trump’s pick to lead the Securities and Exchange Commission has earned $7.62 million since 2015 representing some of Wall Street’s biggest firms, including Goldman Sachs Group Inc. and Bill Ackman’s Pershing Square Capital Management, according to a federal disclosure form. Jay Clayton, the Sullivan & Cromwell partner tapped by Trump, outlined his clients — and his potential conflicts — in a filing to the U.S. Office of Government Ethics that he signed in January.
Foster doesn’t appeared worried about combine ejection
A person with knowledge of the situation tells The Associated Press that linebacker Reuben Foster, a poten… An Oklahoma lawmaker who once likened Islam to a cancer has handed out a form asking Muslims whether they beat their wives. Two people were arrested as protesters clashed with supporters of President Donald Trump during a rally at the Tennessee Capitol in Nashville.
Bond Report: Treasury yields rise as traders hope for more details about Trump’s tax plans
Treasury yields ticked higher on Monday as investors were reluctant to open large positions ahead of President Donald Trump’s first congressional address, market strategists said. The Wall Street Journal reported that Trump’s speech will focus on overhauling the tax code and health-care system.
It’s Getting Late Early: the Left and the Working Class
The accidental genius of Donald Trump’s presidential campaign, particularly with a programmed establishment type like Hillary Clinton to run against, is how in its own way it covered the both right and left flanks. With all Trump’s babbling about carnage and ‘inner cities’ he hit on the traditional rightwing terror of being overwhelmed and slaughtered by the expanding colored hordes.
What Bernie Sanders said about Trump has backfired Big Time! [Video]
Doddering Bernie Sanders is accusing President Trump of being a fraud. He’s decrying Wall Street and Trump’s connections to them and billionaires.
Elizabeth Warren to Trump’s $285 million Goldman Sachs man: Recuse yourself
Elizabeth Warren is not cool with the eye-popping $285 million Gary Cohn is collecting from Goldman Sachs on his way to becoming President Trump’s top economic adviser. The Democrat from Massachusetts sent Cohn a letter on Friday questioning the “astonishing windfall,” and it’s impact on the former Goldman Sachs exec’s ability not to “play favorites” when he makes decisions about the economy.
In new White House, a look at Trump’s inner circle
Since taking office 10 days ago, President Donald Trump has moved to consolidate power within a small cadre of close aides at the White House. He’s added a senior political adviser to the National Security Council and appears to have cut out Cabinet secretaries from decision making on some of his top policies, including the immigration and refugee order that led to protests, legal challenges and temporary detention of some legal U.S. residents this weekend.
Nason, former Treasury official, being vetted for Fed role -sources
David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve’s top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. In 2008, Nason was a deputy to Treasury Secretary Henry Paulson as U.S. regulators tried to stabilize Wall Street and prevent an economic meltdown after the housing market collapsed.
Trump’s Treasury pick Stephen Mnuchin facing criticism over foreclosures
Donald Trump ‘s pick to lead the Treasury Department, Stephen Mnuchin , built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.
Jared Kushner
President-elect Donald Trump appointed his influential son-in-law Jared Kushner as a White House senior adviser Monday, putting the young real estate executive in position to exert broad sway over both domestic and foreign policy, particularly Middle East issues and trade negotiations. Trump has come to rely heavily on Kushner, who is married to the president-elect’s daughter Ivanka.
Corzine Agrees to Futures Industry Ban in CFTC Settlement
Jon Corzine has agreed to a lifetime ban from the futures industry to settle a U.S. lawsuit that he failed to properly oversee MF Global Holdings Ltd. as the brokerage spiraled toward failure in 2011. Corzine, an ex-governor and U.S. senator from New Jersey and the former co-chairman of Goldman Sachs Group Inc., also agreed to pay a $5 million penalty from his own pocket to the Commodity Futures Trading Commission, under a consent order approved by a federal judge in New York Thursday.
After Ripping Wall Street, Trump Taps Insider to Police Industry
Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs Group Inc. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street’s top regulator. Trump will pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, the president-elect’s transition team said in a statement Wednesday.
Trump names Wall Street lawyer Clayton as SEC chairman
” President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets.
Did I really say that? I apologize
For your semi-faithful correspondent, 2016 has been a 12-month exercise in humility. I apologize to you, gentle reader, for the errors – all unforced – to which I subjected you.
Donald Trump’s strong suit doesn’t appear to be consistency
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their campaign. “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
Donald Trump’s strong suit doesn’t appear to be consistency
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their campaign. “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
Trump adopting same behavior he criticized Clinton for
In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.
Trump adopting same behavior he criticized Clinton for
In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.
Trump exhibiting Clinton-like behavior as president-elect
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
Trump exhibiting Clinton-like behavior as president-elect
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : “I know the guys at Goldman Sachs,” Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
The Fed: Here’s who Trump may tap for two open posts at the Fed
Donald Trump is not expected to offer Janet Yellen a second four-year term at the helm of the central bank when her term expires in early February 2018 With two nominations made by President Obama stalled, Trump will get a chance to add a pair of officials to the Federal Open Market Committee. The positions will be of particular importance given that Trump will have a chance to nominate a replacement for Janet Yellen when her term as chair expires in Feb. 2018.
The Italian Banking Crisis
It has been called “a bigger risk than Brexit”- the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.”