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Trump bringing the wolves of Wall Street right in to his administration

To The Daily Sun,

Adding to his xenophobic campaign of bigotry, the hypocrisy of Herr Trumpenfuhrer is jaw dropping. He ran on a platform that addressed the '"orgotten and mistreated working class," He railed against the corporations and the banks, going after Goldman-Sachs like a rabid hyena, because of Hillary's connections. He sent out daily emails railing against her closeness to the wolves of Wall Street. Now he brings these wolves into his administration. Americans had more than a year to figure out he was a carnival barker, a charlatan, a con-man, a compulsive liar, a narcissistic sociopath, a snake oil peddler. Suckers.

For Treasury secretary, Steven Mnuchin, AKA King of Foreclosures, spent 17 years a partner at Goldman Sachs. He is the founder of Dune Capital Management and was a CEO of the hedge fund Soros Fund Management, Mnuchin bought the failed housing lender IndyMac for $1.6 billion and renamed it OneWest. Later he sold OneWest to CIT Group for $3.4 billion. He presently holds $97 million in CIT stock. Since 2009, predatory OneWest has been repeatedly sued. In one case a Long Island Judge penalized OneWest for their "harsh, repugnant, shocking and repulsive" actions in dealing with distressed mortgages. Several courts issued restraining orders and injunctions against OneWest to prevent foreclosures.

For Commerce secretary, Wilbur Ross spent 24 years at Rothschild, Inc, a British multinational investment banking firm. After that he was involved with automobiles, movies, steel, coal, textiles, and more. In 2005, Ross was supposed to be negotiating to "save Pennsylvania steel" but sold the Richfield, Ohio-based International Steel Group to Mittal Steel Company in the Netherlands for $4.5 billion. Ross' International Coal Group was set up to be free of "cumbersome" labor unions, health care coverage and pensions. ICG was sued repeatedly. In 2014, Ross settled a lawsuit brought by investors in South Carolina for $81 million. In a 2016 lawsuit he agreed to reimburse investors $11.8 million and paid a $2.3 million fine to the SEC. After the Sago Coal Mine explosion that killed 12 miners, the New York Post reported Ross "had been intimately involved with the company that owned the West Virginia mine where 12 miners perished — and he knew all about its safety problems, former executives charged." The Post reported that the mine had 12 roof collapses in 2005 alone, and that the U.S. Department of Labor data showed 208 citations for safety violations in that same period, including 21 times for build-up of toxic gasses. Gasses cause explosions. Despite these figures, Ross refused to shut down the mine. Energy giants find fines cheaper than keeping up with safety regulations. (For you who think coal jobs are coming back, nine out of 10 coal jobs are gone due to automation. One man can what ten did in the past so you got hoodwinked again. See http://nypost.com/2006/01/05/n-y-exec-knew-of-problems-ex-honchos/)

For the directorship of the National Economic Council, Gary Cohn, president and chief operating officer of Goldman-Sachs. Cohn has been with Goldman-Sachs since 1990. Critics consider him an arrogant, aggressive, abrasive, risk-prone bully. The New York Times reported during the Greece crisis in a story headlined, "Wall St. Helped to Mask Debt Fueling Europe's Crisis," that Wall Street offered deals to Greece that were hidden from public view because they was treated as a currency trades rather than loans. This helped Greece to meet Europe's deficit rules while continuing to spend beyond its means. "The bankers, led by Goldman's president, Gary D. Cohn, held out a financing instrument that would have pushed debt from Greece's health care system far into the future, much as when strapped homeowners take out second mortgages to pay off their credit cards"... "In dozens of deals across the continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come."... "Critics say that such deals, because they are not recorded as loans, mislead investors and regulators about the depth of a country's liabilities." Greek economist Gikas A. Hardouvelis lamented that "Politicians want to pass the ball forward, and if a banker can show them a way to pass a problem to the future, they will fall for it." See http://www.nytimes.com/2010/02/14/business/global/14debt.html?_r=0

For Labor secretary, Andrew Puzder is a nightmare for the working class. Puzder is a fast-food CEO who is against worker protections, paying minimum wage, and paid sick leave. If you complain, Puzder wants to replace you with a machine because machines can't sue. Obama's Labor Department found labor law violations in 60 percent of the investigations at Carl's Jr. and Hardee's. Failure to pay the minimum wage or time and a half for overtime were chief violations. Richard L. Trumka, president of the AFL-CIO states Puzder is "a man whose business record is defined by fighting against working people."

And look who is being tapped for Secretary of State? Exxon Mobile CEO and Putin-Pal Rex Tillerman! His deputy could be warmonger John Bolton who still thinks the Iraq invasion was a good idea. He wants a war with Iran.

James Veverka


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We won, they lost and it's time for everyone to enjoy the season

To The Daily Sun,

'Tis the season to be jolly. So why don't the Trump bashers give it a break, and the Trump supporters ignore those left of center? We won, they lost, and it is time for everyone to enjoy the season.

Happy holidays to all. And all of us can now really look forward to a Happy New Year, too.

Jim Raschilla
Alton Bay

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