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Wall Street Wins Again as Trump Picks Bankers, Billionaires

  • Mnuchin would be third Goldman Treasury secretary since 1990s
  • ‘I think Donald Trump conned them,’ says hedge fund manager
Bloomberg business news

Mnuchin Likely to Take Heat Over OneWest Ownership

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Hedge fund manager Whitney Tilson was feeling happy Wednesday morning.

After Donald Trump ridiculed Wall Street on the campaign trail, the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower.