The systemic financial risk at the heart of Trump Mark II
The incoming US president is picking nominees with vested interests to be in charge of key regulatory areas.
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Most of US President-elect Donald Trump’s financier appointees have been significant donors to his campaign and/or business partners during his career as a property mogul.
PHOTO: AFP
Patrick Jenkins
The key nominations to US President-elect Donald Trump’s top team are in some ways like those of many presidents before him – overwhelmingly male, overwhelmingly rich and significantly drawn from the financial services industry.
And yet, Trump’s nominees differ in one important respect. They are not mainstream. In particular, the list contains no prominent bankers, breaking the tradition (even upheld by Trump Mark I) that financier appointments would normally be drawn from the likes of Goldman Sachs.
