Well, while many of us notice, and many of us care, our opinions matter not! President Trump continues to astound citizens with his about-face on Wall Street, now welcoming them with open arms and he’s filling the White House with former TBTF executives and those who defend them.
The revolving door which exists in government and on Wall Street, where the government sends key individuals to government; they serve in the Department of Justice, the Treasury, the Securities and Exchange Commission (SEC), about which I’ve commented many times, just goes on. They serve in a government position knowing that their real reward is coming full circle – they come back home to Wall Street or serving Wall Street via the law firms which pander to them and reap huge financial rewards. Many of us believe that these golden parachutes open the door to placing even more financial insiders in government who in turn are then more favorable to their former Wall Street bosses.