Another day (another few hours, really), another flashing neon reminder that incoming US President Donald Trump is a corrupt scumbag intent on making as much money as possible for himself, his repulsive family, his cronies, and the rich shits who make up the Republican party and American business class.
CNN reports that the orange man-baby has just announced his selection of lawyer Jay Clayton to head the Securities and Exchange Commission. Clayton, a partner at Sullivan & Cromwell, has worked for major financial firms in the past—he advised Goldman Sachs on their bailout during the 2008 financial crisis, and represented Bear Stearns when it collapsed and was sold to JPMorgan during the same period.
He also helped secure settlements with the government, on behalf of big banks, though which banks isn’t clear. And in 2010, he helped negotiate a $365 million bribery settlement with the SEC for the Italian oil company Eni.
In announcing this almost parodically cynical pick, the crooked Trump stated, “We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers,” as though he gives the tiniest fuck about workers. This is just another example of Trump tearing down regulatory agencies in order to make it easier for rich scum to pillage the economy, leaving the rest of us behind to suffer the consequences of their thievery.
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