Scaramucci Has Experience With Poor Outcomes

Anthony Scaramucci, the Wall Street carnival barker recently turned White House communications chief and even more suddenly ex-communications chief, had a tough sell, pitching an erratic president who is disliked by a large segment of the U.S. population and increasingly viewed as failing. Faith, at least on Wall Street, that Trump will be able to deliver on his economic campaign promises is waning.

Scaramucci's earlier training seemed as if it might serve him well. Back on Wall Street, Scaramucci was the successful pitchman for one of the worst investment products ever created -- a hedge fund made up of other hedge funds. It's a product that is a twofer of terribleness, some of the worst performance mixed with the highest fees, though those are not unconnected.