Tag Archives: Goldman Sachs

Donald Trump Names Former Goldman Sachs Banker Steve Mnuchin As Treasury Secretary

Donald Trump Names Former Goldman Sachs Banker Steve Mnuchin As Treasury Secretary

The Wall Street Journal reports:

President-elect Donald Trump will name longtime banker and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, turning to a campaign loyalist and fundraiser for the incoming administration’s top economic cabinet post, a transition official said Tuesday.

Mr. Mnuchin built his career sniffing out undervalued assets and converting them into massive profits. But perhaps his greatest trade just came in the political arena where he is determined to get help for people with bad credit from financial institutions online. Mr. Mnuchin, 53, a former Goldman Sachs Group Inc. banker turned Hollywood financier, parlayed a six-month stint as Donald Trump’s campaign finance chair into the president-elect’s pick to be Treasury secretary.

Mr. Mnuchin’s Wall Street pedigree presents a contrast with the populist themes Mr. Trump struck in his campaign, railing against big banks and vowing to close tax loopholes that benefit hedge funds. Mr. Trump also repeatedly attacked his rivals in the primary and general elections for their Wall Street ties, especially those connected to Goldman Sachs.

After this stint at Goldman, Mnuchin  founded RatPac-Dune Entertainment, which produced a number of notable films, including the X-Men film franchise and Avatar.

In 2004, he also founded a hedge fund, Dune Capital Management, named for a spot near his house in the Hamptons. According to reports from the best websites for stock research, the firm invested in at least two Donald Trump projects and, in one of them, was sued by Trump before a settlement was reached. Then, in partnership with Soros, hedge fund manager John Paulson and others, Mnuchin bought the failed housing lender IndyMac in 2009 for $1.6 billion.[7] The bank, purchased out of bankruptcy from the FDIC, was renamed OneWest, with Mnuchin as chair. According to The New York Times, OneWest “was involved in a string of lawsuits over questionable foreclosures, and settled several cases for millions of dollars.” OneWest was sold to CIT Group in 2015.

Hillary, the Human Rights Campaign and now Trump.  Goldman Sachs is the bad penny that just keeps coming back.

Adding Insult To Injury HRC Makes Goldman Sachs CEO First Spokesman For “Businesses For Equality”

If it wasn’t bad enough that clueless Human Rights Campaign honored Goldman Sachs the investment bank who deceived investors and Congress about its bets against the subprime mortgage market and helped plunge this nation into its current financial crisis, at  $650 a plate NYC Gala at the Waldorf Astoria this past weekend with a “Corporate Equality Awards”.  HRC has gone one step further proving its cluelessness and its disconnect from its base by having Goldman Sachs chief executive Lloyd Blankfein to be its first national corporate spokesman for same-sex marriage.

Honoring Goldman Sachs and using Blankfein just proves the further disconnect between the HRC and the LGBT Community and PROVES that HRC is nothing more than a business itself and has absolutely NO INTEGRITY.

Goldman Sachs is the top contributor and explicitly supports Mitt Romney, the likely Republican nominee, who stands firmly opposed to civil rights equality for the GLBT community, in particular, gay marriage and using Blanlfein as a spokesman who is a known perjurer who by all rights should be in jail  for lying before the Levin Committee about Goldman Sachs misleading clients securities so the firm would benefit if they fell in value thus helping lead this country to the brink of financial collapse just proves how out of touch and just how much contempt that the HRC has for the non-elite LGBT community.

When the institutions that can cause an international economic collapse are now on your side, and your prganizarions use them to represent you, I guess you know you’re finally mainstream

HRC is a business, nothing more, nothing less and is more concerned with money than Equality, Dignity and Integrity and should be shunned, boycotted, and protested for that reason alone.

NYPD Harasses Protesters At HRC Gala Honoring Goldman Sachs

Reports are coming in that the NYPD harassed about 80 – 100 protesters from  the Queer/LGBTIQA2Z Occupy Wall Street a caucus of the NYC based Occupy Wall Street movement,, Queer Rising, and other angry LGBT advocates and activists who gathered to protest the Human Rights Campaign $650 dollar a plate fundraising gala where the HRC honored Goldman Sachs , the investment bank who deceived investors and helped plunge the country into its current financial crisis for their LGBT diversity.

Protestors had scheduled to picket outside of the Waldorf and hold and hold a “Guerrilla Potluck” but the NYPD came in and threatened the protesters with arrest and moved them far across the street away from the gala while they blockaded the sidewalks in front of the Waldorf Astoria Hotel to pedestrians.

PROTEST HRC’s $650 A Plate Gala Honoring Goldman Sachs Tonight 2/4 @ 5 p.m. to 7 p.m.

Tonight while the the Human Rights Campaign is holding its $650 a plate NYC Gala at the Waldorf Astoria honoring Anna Winitour (why?) and Goldman Sachs, the investment bank who deceived investors and Congress about its bets against the subprime mortgage market and helped plunge this nation into its current financial crisis, QUEER RISING and other LGBT Activist and Advocates sick of HRC’s pretentious bullshit and lackluster rush to LGBT equality will be protesting outside.

Tonight on the sidewalk outside of the prestigious hotel at 50th Street & Park Avenue from 5 p.m. to 7 p.m.  Queer/LGBTIQA2Z Occupy Wall Street a caucus of the NYC based Occupy Wall Street movement,, Queer Rising, and other angry LGBT advocates and activists will be protesting and holding a a “Guerrilla Potluck”.

The protest is to condemn HRC’s decision to honor Goldman Sachs in a time of financial collapse caused by their unethical business practices and greed.   “HRC honoring Goldman Sachs at this time reveals all one needs to know about the corporate LGBT lobby, and its disconnect from the LGBT people it purports to represent.” The protest is also aimed at  trying to get HRC to pledge that they will work toward full LGBT equality by 2014, the 50th anniversary of the 1964 Civil Rights Act. And that HRC demonstrate more internal transparency and work more with grassroots organizations.

The right to be protected from discrimination secures a core liberty interest. And it is the duty of government to protect LGBT Americans from the harm caused by discrimination as a matter of public welfare, law and conscience, as it has for decades for all other oppressed groups.

As HRC restrains the demand for equality, discrimination takes its insidious toll on LGBT Americans

The Queer Caucus demands equal non-discrimination protections under the 1964 Civil Rights Act because equality is the only true antidote to LGBT abuse – like it has proven to be for race, sex, national origin, religion, age and disability – long protected from discrimination by law.

“Equality and non-discrimination are universal values that define basic human dignity” said Todd (Tif) Fernandez, a human rights lawyer and grassroots activist. “It is our civic duty as Americans to protect and respect the LGBT community immediately.”

Join the Guerrilla Potluck (http://on.fb.me/GuerrillaPotluck). Bring flashlights.

Watch Potluck on Live-Stream Saturdayhttp://www.livestream.com/occupello

Please Take the Pledge for Full LGBT Equality (by 2014) (http://bit.ly/the2014pledge).