- Despite painting Wall Street executives as ‘greedy’ on the campaign trail, Trump appointed many of them as to his administration.
- Appointees such as Steve Mnuchin (Treasury) and Gary Cohn (National Economic Council) reassured the financial services industry that ‘sane’ voices pertaining to finance were around Trump.
- Mnuchin and Cohn supported the industry by crafting corporate tax cuts and rolling back regulations.
- However, Cohn’s resignation today (disagreed with Trump’s proposed steel/aluminum tariffs) has Wall Street concert that its best interests may be at risk.
