If there was ever doubt that President Donald Trump’s tough talk on big banks was an empty show, his first 12 days in office have put it to rest. On Monday, Trump made his first direct comments since his inauguration about the post-financial crisis bank regulation reform bill. But he undercut the idea that he would enact tough new oversight to replace Dodd-Frank even before being inaugurated ― by filling his new administration with a cadre of Goldman Sachs alumni. Trump chose Gary Cohn, who spent a decade as Goldman Sach’s president and chief operating officer, to serve as his director of the National Economic Council ― a job generally seen as the No. And Anthony Scaramucci, a hedge fund salesman, event promoter and Goldman Sachs alum, was brought into the White House as a public liaison to government agencies and businesses.

Source: Huffington Post January 31, 2017 19:25 UTC