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23 февраля, 15:00

Влияние Goldman Sachs на Трампа

Кажется, формирование команды Трампа близко к завершению. 13 февраля в ней появилась фигура нового министра финансов. Сенат США большинством в 53 голоса против 47 (против голосовали все сенаторы-демократы кроме одного) утвердил назначение бывшего инвестбанкира и кинопродюсера Стивена Мнучина в должности министра финансов страны. Мнучин стал 77-м министром финансов США, сменив на этом посту Джейкоба Лью. […]

21 февраля, 12:32

Минфин США захватила «Мафия Goldman Sachs»

Трамп, как я отметил в начале, сравнил Мнучина с царем Мидасом. А мне почему-то в голову приходит другая аналогия: новый министр, по русской поговорке, похож на козла, которого поставили стеречь капусту. Таких «козлов» в новейшей истории Америки было несметное количество. Например, Генри Полсон, который возглавлял американское казначейство в 2006—2009 гг. Именно при нем на спасение тонущих банков Уолл-стрит власти выгребли из федерального бюджета около одного триллиона долларов. И опять же интересная закономерность: Генри Полсон вышел на «орбиту» из недр Goldman Sachs (с 1999 года был генеральным директором банковской корпорации). «Мафия Goldman Sachs», собравшаяся под знаменами Трампа, — серьезная угроза для Америки и мира. Интересно, понимает ли это сам Трамп? Валентин  Катасонов,

16 февраля, 14:20

Минфин захватила «Мафия Goldman Sachs»

Как в очередной раз «козла поставили стеречь капусту»

09 февраля, 17:50

Is CIT Group a Good Value Pick At the Current Levels?

Is CIT Group a great pick from the value investor's perspective right now? Read on to know more.

07 февраля, 11:00

Дональд Трамп и Голдман Сакс

Дональд Трамп объявил имя будущего министра финансов США: им станет Стивен Тёрнер Мнучин (Steven Terner Mnuchin). Для кого-то это явилось неожиданностью. Ведь среди претендентов на высокий пост называли исполнительного директора банка JPMorgan Джейми Даймона, члена палаты представителей Джеба Хенсарлинга... У Стивена Мнучина, однако, было важное преимущество: в предвыборной кампании Трампа он работал финансовым менеджером. Кроме […]

01 февраля, 15:32

CIT Group (CIT) Stock Falls as Q4 Earnings Lag Estimates

Shares of CIT Group (CIT) fell 1.6% following the release of its fourth-quarter 2016 results. Adjusted earnings from continuing operations lagged the Zacks Consensus Estimate.

Выбор редакции
31 января, 14:27

Сегодня в США ожидается умеренный объем макроэкономической статистики

Во вторник, 31 января, в Соединенных Штатах Америки ожидается публикация нескольких важных макроэкономических показателей. В 17:45 МСК в США будет опубликована статистика по чикагскому индексу деловой активности за январь. Аналитики ожидают, что показатель составил 55 пунктов. В 18:00 МСК в США будет обнародован индекс потребительского доверия. Согласно нашим ожиданиям, в январе показатель составил 113 пунктов. Из второстепенной статистики будут опубликованы индексы цен на жилье S&P/Case-Shiller в 20 столичных регионах за ноябрь, а также индексы сопоставимых продаж крупнейших розничных сетей (Красная книга). Помимо этого, сегодня начнется двухдневное заседание ФРС. Важных выступлений сегодня не ожидается. Сегодня до открытия рынка будут опубликованы финансовые результаты Aetna, Coach, CIT Group, Danaher, Exxon Mobil, Harley-Davidso

31 января, 08:34

Сегодня в США ожидается умеренный объем макроэкономической статистики

Во вторник, 31 января, в Соединенных Штатах Америки ожидается публикация нескольких важных макроэкономических показателей. В 17:45 МСК в США будет опубликована статистика по чикагскому индексу деловой активности за январь. Аналитики ожидают, что показатель составил 55 пунктов. В 18:00 МСК в США будет обнародован индекс потребительского доверия. Согласно нашим ожиданиям, в январе показатель составил 113 пунктов. Из второстепенной статистики будут опубликованы индексы цен на жилье S&P/Case-Shiller в 20 столичных регионах за ноябрь, а также индексы сопоставимых продаж крупнейших розничных сетей (Красная книга). Помимо этого, сегодня начнется двухдневное заседание ФРС. Важных выступлений сегодня не ожидается. Сегодня до открытия рынка будут опубликованы финансовые результаты Coach, CIT Group, Danaher, Exxon Mobil, Harley-Davidson, Lill

28 января, 01:37

Earnings Growth Returns, Will it Continue?

Earnings Growth Returns, Will it Continue?

19 января, 17:55

Live Stream: Steven Mnuchin Testifies As Democrats Go On The Offensive

In what is sure to be one of the fieriest confirmation hearings to date, Steven Mnuchin, Trump's pick for Treasury Secretary, is set to take questions from the Senate Finance Committee starting at 10AM EST.  As the show gets started, Democrats will undoubtedly be looking to score theatrical points with the working class folks of the Midwest by peppering Mnuchin with zingers on his time at Goldman Sachs and demonizing his involvement with foreclosure efforts at IndyMac and OneWest.  As the political theater get ready to begin, per The Hill, here are some of the things to expect: 1.  Democrats will undoubted try to score populist points with the working class folks of the Midwest by hitting Mnuchin on his banking background. Democrats have ripped Trump for staffing his administration with several Goldman Sachs alumni and wealthy business figures after campaigning against corporate elites running government.   Mnuchin made millions through his private sector career in investing, banking and movie producing. He’s never worked in government, spurring Democrats to raise questions about his preparedness and familiarity with the job.   Democrats are putting a target on Mnuchin as they seek to bolster their populist credentials. They’ve already nicknamed him “the foreclosure king” and claimed his lack of government service won’t translate into fighting for middle class Americans.   Finance Committee Democrats Sens. Sherrod Brown (Ohio) and Claire McCaskill (Mo.) are up for reelection in 2018 in states that went for Trump. How they approach their questioning of Mnuchin will be something to watch.  2.  Will Mnuchin weigh in on Dodd-Frank, a controversial piece of legislation that Republicans have been looking to overhaul for years. Though the Senate Banking Committee has jurisdiction over the issues covered by the Dodd-Frank Act, some Senate Finance members are likely to press Mnuchin on the sweeping financial regulation law passed in 2010.   Republicans have been planning a Dodd-Frank overhaul for more than a year and are poised to make major changes to the law, even if it’s piece by piece.   Brown, the top Democrat on the Banking Committee, sent Mnuchin a letter in December with several questions on banking and housing regulation that he says Mnuchin didn’t answer. Brown also told reporters Tuesday that he expects such questions to be asked by other senators.   Mnuchin’s comments on Dodd-Frank could reveal where the Trump administration wants to start when it comes to changing Dodd-Frank. Trump shed little light during the campaign on how he’d approach the law, so Mnuchin could be the first look into the administration's priorities. 3.  Will Mnuchin be opposed by any Republicans on the Committee? While most Republicans appear ready to back Mnuchin, one GOP senator could waver: Sen. Dean Heller (Nev.).   Heller, a Finance Committee member, is up for reelection in 2018 in a state won by Hillary Clinton in the presidential election. Nevada was also devastated by foreclosures during the housing crisis, making Mnuchin’s record at OneWest a sensitive issue.   Heller told The Hill this month that despite his “very positive” conversation with Mnuchin, he still has reservations about supporting him. 4.  What will Mnuchin say regarding a strong-dollar policy? It’s been a mantra of Treasury secretaries since the mid-1990s. Usually, Republican and Democratic administrations have maintained a policy of backing a strong U.S. currency, speaking neutrally about it, for fear of upsetting the financial markets. But Trump went and changed that.   “Our dollar is too strong,” Trump told The Wall Street Journal last week. “And our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”   Will Mnuchin echo Trump’s sentiments or will he maintain a strong-dollar policy tradition? The markets await his answer. With that, courtesy of WikiPedia, here is a brief bio on Mnuchin: Steven Terner Mnuchin is a former Goldman Sachs partner and senior manager and hedge fund investor. On November 30, 2016, it was announced that Mnuchin would be nominated as Secretary of the Treasury in the coming administration of President-elect Donald Trump.   After he graduated from Yale University, Mnuchin worked for investment bank Goldman Sachs for 17 years, reaching its management committee. After he left the bank in 2002, he worked for and founded a number of hedge funds. During the financial crisis, Mnuchin bought failed house lender IndyMac. He rebuilt the bank as chairman and CEO in the subsequent years under the name OneWest Bank, and sold it in 2015 to CIT Group. Mnuchin joined Trump's presidential campaign in 2016, and was named national finance chairman for his campaign. And here is a live stream of the festivities:

17 января, 22:48

Trump Advisor Anthony Scaramucci Pockets $100MM From Sale Of SkyBridge To Chinese Conglomerate

It has been a good day for Trump advisor Anthony Scaramucci. First, he was named by Bloomberg as this year's surprise Davos star (recall that he is the only member of the Trump team participating unofficially at the Swiss boondoggle.  “I brought a food taster,” Scaramucci joked in an interview on Bloomberg Television when asked about his solo mission).  As a reminder, Scaramucci was recently named an assistant to the president and further told Bloomberg Television Tuesday that he will serve as a liaison between the White House and the business community, and work with local, state and foreign governments and trade associations. Which brings us to the second reason why Anthony is smiling. Today, as part of his shedding of potential conflict of interest, Scaramucci sold a majority stake in his SkyBridge Capital fund of funds, which has had prominent cameos in such movies as Wall Street 2, to HNA Capital U.S., which is controlled by Chinese billionaire Chen Feng, and RON Transatlantic EG. While terms of the deal were not disclosed, the deal, which includes the SkyBridge Alternatives Conference, or SALT, is said to be valued at about $200 million according to Bloomberg, and could increase to about $230 million if certain conditions are met. SkyBridge’s senior management and investment teams will remain intact while Scaramucci will step down. And since Scaramucci owns about 45% of SkyBridge, he is about to pocket $100 million. He will no longer be affiliated with the firm or SALT, according to the transaction press release. Australian investment firm Challenger Ltd. also owns a stake, according to a filing, as does SkyBridge’s Chief Investment Officer Raymond Nolte.  "SkyBridge and SALT are in great hands and will continue to thrive," Scaramucci said in a statement. Scaramucci, who started his fund-of-hedge funds firm in 2005, made the deal as the industry bleeds assets and he prepares to work for President-elect Donald Trump. HNA Capital is the New York-based investment arm of Chinese conglomerate HNA Group, which has been on an acquisition spree for U.S. assets under Chen’s leadership. RON Transatlantic is a holding company with interests in financial services, logistics, energy and brewing, according to the statement. As of last January, SkyBridge managed $9.2 billion in assets. As a fund of funds, SkyBridge has handed out client money to hedge funds including Marathon Asset Management and York. Confirming that today's deal was a major victory for the "Mooch" is that firms like SkyBridge have largely lost their luster since the global financial crisis as investors bypassed them to invest directly in hedge funds, assuming they invest in hedge funds: 2016 was the year of greatest outflows from the 2 and 20 community since the financial crisis. The fund-of-funds industry manages about $636 billion in assets, down from its 2007 peak of $799 billion, according to Hedge Fund Research Inc. They returned about 0.48 percent last year. Meanwhile SALT, a glitzy hedge fund affair, often compared to Davos itself for its draw of about 2,000 hedge-fund industry attendees each year, will be spun out as a standalone entity. SALT will be owned by Victor Oviedo, head of business development at SkyBridge, and Kelly O’Connor, a director of business development, according to another person briefed on the matter. So who are the lucky buyers? This is where questions are likely to emerge. When looking at RON Transatlantic, a holding company with interests in financial services, logistics, energy and brewing, the most interesting thing about this particular group is that Obama's "body man", Reggie Love works there as a Partner and VP: It was not immediately clear why Reggie Love's firm would boost its stake in Skybridge. As Bloomberg adds, a RON Transatlantic offshore entity already owns between 5 and 10% of SkyBridge. As for HNA Group, it is among the most active players in what’s shaping up to be a record year for overseas acquisitions by Chinese companies. HNA’s $30 billion in investments announced and completed last year included multi-billion-dollar deals for Hilton Worldwide Holdings Inc., CIT Group Inc.’s aircraft leasing business and Ingram Micro Inc. Now it will own a fund of funds. HNA owner Chen, 63, who two decades ago used to push refreshment trolleys up and down the aisle of the lone Boeing 737 that comprised his startup airline, the SkyBridge acquisition is part of his ambition to make HNA one of the world’s top 100 companies by the end of this decade. In 1995, Chen flew to New York and persuaded George Soros to invest $25 million in his fledgling Hainan Airlines Co. That at least is the stated reason; the less palatable one is simply laundering of hot money through foreign M&A, a practice the PBOC warned it would crack down on in 2017. It was also not clear as of this writing whether Scaramucci will be exempt from paying capital gains tax on the sale, considering he is joining the Trump administration after the deal.

16 января, 17:25

Mnuchin had deeper ties to nonprofits that praised his bank in lucrative merger

Steven Mnuchin's family foundation donated to, and Mnuchin himself sat on the boards of, two nonprofits that wrote supportive letters to the Fed when his bank was trying to get a merger approved. The deal earned the Treasury Secretary-designate many millions of dollars. (AP Photo/Susan Walsh) BY: ASHLEY BALCERZAK Steven Mnuchin, Donald Trump's Treasury nominee, became a far wealthier man in 2015 when CIT Group spent $3.4 billion to buy up OneWest, a bank Mnuchin chaired. The deal was helped along by supportive letters written by 14 nonprofits that had received a combined $5.95 million from OneWest's charitable arm in the years before and after the sale, as POLITICO has reported. That helped counter opposition to the merger from advocacy groups. But it turns out that some of the groups might have had further incentives to speak up about the good citizenship of Mnuchin's bank: The Treasury nominee is also a board member or trustee of at least two of the organizations that backed him up, the LAPD Foundation and Cedars-Sinai Hospital, according to his personal financial disclosure statement made public earlier this month. And there are even more connections binding the Treasury Secretary-designate, whose Senate confirmation hearing is scheduled for Thursday, and the two nonprofits: The Steven and Heather Mnuchin Foundation gave them a combined $66,000 from 2012 through 2014, according to the Mnuchin group's Form 990s. Cedars-Sinai received $21,500 and the LAPD Foundation received $44,500. Asked to comment on these further, not previously reported ties between Mnuchin and two groups that spoke out in favor of the deal, Mnuchin spokesman Barney Keller sent the following statement, which we reprint in full: The Center for Responsive Politics needs to send their reporters back to Journalism school. You don't need to read Steven's financial disclosure - using this new-fangled tool known as Google, any member of the public can discover Mr. Mnuchin's relationship with Cedar-Sinai [sic], where donations from OneWest bank went to help sick kids, or the LAPD foundation, which helps brave police officers - both highly public relationships that were in place well before the letters to the Federal Reserve. Only in your sick mind would the support of cops and sick children be a conflict of interest in the public sale of a bank. Get a life. However, neither of these nonprofits includes this information on its website. Mnuchin is notably absent from the LAPD Foundation's Board of Directors page and Cedars-Sinai Medical Center's website and its profile on Bloomberg. (The LAPD Foundation told OpenSecrets Blog that he was listed on its website until his resignation last month, though we could not find such a page using Internet Archive.) We don't learn much more looking at these nonprofits' tax filings. The Los Angeles Police Foundation's IRS Form 990 lists Mnuchin as a board member in 2013 and 2014, the most recent available on Guidestar. Mnuchin reports himself as a trustee on his ethics filing, and says he took the position in 2012. The LAPD Foundation confirmed to us he was on its board of directors until last month, when he resigned. His name doesn't appear on Cedars-Sinai Medical Center's tax forms for 2014, 2013, or 2012, nor on those of the hospital's Cedars-Sinai Medical Care Foundation during the same period. Mnuchin reported he was on the board of governors of "Cedar Sinai Hospital" since Jan. 2010. Google, for all its newfangled-ness, really didn't provide much help on this puzzle. In an email to OpenSecrets Blog, LAPD Foundation Executive Director Cecilia Glassman said that "OneWest Foundation's support of one of the LAPD's vitally important youth programs was the major consideration in LAPD Chief [Charlie] Beck's decision to write a letter to the Federal Reserve." She said she did not know whether Mnuchin, who was on the board at the time, asked for the letter to be written. Cedars-Sinai had not responded to a request for comment at the time of publication.  Mnuchin, a former Goldman Sachs partner and hedge fund manager, was paid severance totaling almost $11 million when he left the company last year in a management shakeup. He still holds a stake of about $100 million in CIT, which his ethics agreement says he'll divest within 90 days of being confirmed for the Treasury job. And he was paid more than $28 million by OneWest and CIT in addition to the severance in the 12 months covered by his disclosure statement. Overall, according to the document, Mnuchin is worth at least $166 million; it is impossible to say precisely because the values of assets and other holdings or debts are given in ranges. In addition, the agreement makes clear that because of a "holdback" provision involving cash owed Mnuchin but reserved by the company for contingent debts, and a restrictive covenant he signed, he will not participate in matters affecting CIT Group until at least mid-2018 without receiving an ethics waiver. In addition to the merger, Mnuchin is expected to be questioned at his confirmation hearing about accusations of redlining and wrongful foreclosures by OneWest during the time he was chairman. Researchers Alex Baumgart, Robert Maguire and Anna Massoglia contributed to this report.  -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

11 января, 19:55

Mnuchin to divest positions in Citigroup, Goldman

Upon confirmation, Mnuchin said he would resign from positions at hedge fund Dune Capital Management and at several trusts.

24 декабря 2016, 02:08

CIT Group's (CIT) Future Prospects Do Not Seem Impressive

Various concerns surrounding CIT Group Inc. (CIT) including mounting expenses and deteriorating asset quality make us apprehensive about its future growth prospects.

01 декабря 2016, 15:24

HAPPY DECEMBER -- The man who SAID NO to Trump -- RACE TODAY to be one of the most powerful men in D.C. -- Digging in on Mnuchin -- IVANKA to focus on climate -- B’DAY: Jen Psaki

Listen to Playbook in 90 Seconds http://bit.ly/2gOrKUX ... Subscribe on iTunes http://apple.co/2eX6EayGood Thursday morning and welcome to December! NEWS -- THANKS BUT NO THANKS -- Rep. Jeb Hensarling of Texas -- the powerful House Financial Services chairman -- turned down President-elect Donald Trump’s offer to head the Office of Management and Budget, several sources told us. Hensarling was in the mix for Treasury secretary, a job that later went to Steve Mnuchin. The OMB job is a massive opportunity. It’s the largest operation in the White House, and is charged with the president’s budget and the mechanics of the federal government. Trump is now considering Gary Cohn, the president of Goldman Sachs, for that job. Neither side seemed eager to discuss the situation. IN THE ROOM WHERE IT HAPPENS -- Vice President-elect Mike Pence and incoming WH Chief of Staff Reince Priebus visited Speaker Paul Ryan in his Capitol office Wednesday. (Pic: http://bit.ly/2gJljGv). Priebus had a well-organized white binder, and clutched what looked like a red Sharpie. Make no mistake: This, along with Senate Majority Leader Mitch McConnell (R-Ky.), is the power circle. Ryan and Priebus have known each other for years. And Pence and the speaker served in Congress together. Pence and Ryan know how to work the Capitol. Priebus is close with Trump.DONALD TRUMP and MIKE PENCE go to Indiana today to celebrate Carrier keeping nearly 1,000 jobs from moving to Mexico. Trump has a 7 p.m. rally in Cincinnati -- part of the new administration’s “thank you” tour. Fox News’s Sean Hannity will interview Trump and Pence from Cincinnati.-- @SeanHannity yesterday: “1000 jobs saved today! Awesome start! … 1000 Families will have a better Christmas & future because @realDonaldTrump cared enough to fight for them.”WHAT THE WHITE HOUSE IS READING -- @HerbieZiskend: “The media is giving trump more credit for 1000 jobs saved at Carrier than they gave Obama for 3.5 million jobs saved/created through ARRA.”WHAT WILL GREET THEM -- INDIANAPOLIS STAR: “Federal access likely biggest factor in Carrier deal,” by Tony Cook and James Briggs: “Carrier Corp.'s decision to keep hundreds of jobs in Indianapolis had more to do with access to the federal government than state incentives, sources familiar with the deal told IndyStar. Carrier is maintaining its Indianapolis operations largely because of the business interests of its parent company, United Technologies Corp., said John Mutz, an Indiana Economic Development Corp. board member. The IEDC awards state incentives, primarily training grants and tax credits. Mutz, who was briefed on the state’s offer to Carrier, said United Technologies ‘wants to make sure they maintain a favorable relationship’ with the incoming Trump administration. ‘This is an enormous company with all kinds of subsidiaries that do government work, and I am sure they want to keep it,’ Mutz said.“[V]ice President-elect Mike Pence, who is still governor of Indiana, and his state commerce secretary, Victor Smith, had been in discussions with Carrier for weeks. In what the source described as a ‘carrot and stick’ approach, Trump entered the negotiations later to discuss the company’s relationship with the federal government.” http://indy.st/2gaAtRL -- DEPT. OF YA CAN’T MAKE IT UP: @joshgerstein: “Guess who reps Carrier, which just cut jobs deal with Trump/Pence? Teneo. Really. I think God is toying with us. Where’s Ashton Kutcher?” http://bit.ly/2fUxgrC PLAYBOOK NOTE: Teneo is the company founded by longtime Clinton aide Doug Band. UP FOR GRABS -- House Republicans on Thursday will select the new chairman of the Energy and Commerce Committee, a panel that will have outsized influence in all of Republican Washington. The panel’s longtime chairman, retired Democratic Rep. John Dingell of Michigan, once was asked to describe the committee’s jurisdiction, and he pointed to a globe and said, “If it moves it’s energy, if it doesn’t, it’s commerce.”That’s why Oregon Rep. Greg Walden and Illinois Rep. John Shimkus are fighting so hard to lock up the votes of the several dozen steering committee members. Walden is the odds on favorite, at this point. He’s served four terms in top slots at the National Republican Congressional Committee, and is widely popular among members of the panel. His steering committee allies say they have it all but locked up. It would be a coup of sorts for Walden. Shimkus is more senior, and is close to House Majority Whip Steve Scalise -- the pair have bunked together on Capitol Hill. Right now it looks like Walden will win. But it all comes down to Paul Ryan. If the speaker weighs in behind closed doors -- and many believe he will -- he has the power to sway the election.--Important to remember: Ohio Rep. Pat Tiberi had the House Ways and Means Committee gavel all but locked up until Ryan backed the more senior Texas Rep. Kevin Brady in one of his first moves as speaker. Brady is now the chairman of the powerful tax writing panel.PELOSI WATCH -- “Pelosi agrees to changes in Democratic leadership structure,” by John Bresnahan and Heather Caygle: “Just hours after fending off the first real challenge to her control in years, House Minority Leader Nancy Pelosi has decided to support changes to the leadership that will loosen - somewhat - her grip on the Democratic hierarchy. Pelosi will back the election of the chair of [the DCCC], according to a letter she sent to her colleagues Wednesday night. The California Democrat will also throw her weight behind plans to add five new leadership spots, including two for junior members, the letter states. And Pelosi will back the creation of ‘vice chairs’ or ‘vice ranking members’ within the committee structure, a move designed to give junior members more say on what happens within panels.” http://politi.co/2gOi9h0-- THESE MOVES might quell the boiling frustration among rank-and-file lawmakers in the near term, but it will be harder to tamp down the growing sense in the House Democratic Caucus and more broadly among Democratic operatives that a post-Pelosi succession plan needs to be put in place. And quickly.WHAT ELIZABETH WARREN IS READING -- “Mnuchin foundation donated to groups that vouched for his bank: Trump’s Treasury pick earned millions of dollars from the sale of a bank accused of wrongful foreclosures,” by Isaac Arnsdorf and Ken Vogel: “Donald Trump’s choice for treasury secretary, Steven Mnuchin, earned tens of millions of dollars from a 2015 bank sale that got a boost from an array of nonprofit groups that had one thing in common -- they had received tens of thousands of dollars each from the bank’s foundation, which was run by Mnuchin. The sale of OneWest, a bank that Mnuchin co-founded and chaired, to CIT Group for $3.4 billion drew significant opposition from public interest groups because OneWest had been accused of wrongful foreclosures and racial discrimination in its mortgages and small-business loans.” http://politi.co/2gY2mjJ -- WSJ: “Steven Mnuchin’s Defining Moment: Seizing Opportunity From the Financial Crisis: Donald Trump’s nominee for Treasury secretary made millions buying failed IndyMac and has résumé at odds with president-elect’s campaign rhetoric,” by Rachel Louise Ensign, Anupreeta Das and Rebecca Ballhaus: “On a muggy morning in July 2008, hundreds of customers stood outside IndyMac Bank branches in Southern California, trying to pull their savings from the lender, which was doomed by losses on risky mortgages. Steven Mnuchin didn’t know much about IndyMac as he watched the scenes on CNBC from his Midtown Manhattan office. But he immediately saw an opportunity and began figuring out how to buy the bank.“Regulators seized IndyMac, foreshadowing a vicious banking crisis. Six months later, Mr. Mnuchin and his investment partners acquired IndyMac with a helping hand from the U.S. government. The deal eventually earned him hundreds of millions of dollars in personal profits. The former Goldman Sachs Group Inc. partner, Hollywood financier and hedge-fund manager now is President-elect Donald Trump’s choice for Treasury secretary. Like other Trump cabinet picks, Mr. Mnuchin has a résumé that is at odds with much of the president-elect’s populist rhetoric on the campaign trail.” http://on.wsj.com/2gJakNv -- OUR TAKE: Mnuchin will likely be confirmed, but Democrats are going to jump all over this guy for his private-sector career. Massachusetts Sen. Elizabeth Warren has already called him the “Forrest Gump” of the financial crisis. Expect fireworks at his confirmation hearing. -- @gdebenedetti: “How you know Dems are spoiling for a fight on Mnuchin: a rare (first-ever?) joint statement from Sanders and Warren”: http://bit.ly/2gY34xrTHINK OF THIS: Mnuchin, billionaire Commerce Secretary nominee Wilbur Ross and billionaire Education Secretary nominee Betsy DeVos are all going to have to fill out financial disclosure forms before going in front of the Senate for confirmation. Those should be a fascinating read.RNC WATCH -- “Trump’s allies jockeying over RNC control,” by Ken Vogel, Alex Isenstadt, and Eliana Johnson: “Donald Trump’s closest allies are jockeying over control of the [RNC] in a power struggle that could shape the direction of the GOP in the Trump era. At the center of the struggle are Trump’s incoming White House chief of staff Reince Priebus, who is the current RNC chairman and the president-elect’s lead liaison to the party establishment, and a pair of Trump confidants who have pushed him toward his populist base — chief strategist Steve Bannon and top donor Rebekah Mercer.“Bannon and Mercer have encouraged consideration of Mercedes Schlapp, a veteran party strategist who was an official in the George W. Bush White House but who emerged as a staunch Trump booster during the campaign ... Priebus, on the other hand, prefers one of several contenders more associated with the party’s establishment, including Michigan Republican Party chairwoman Ronna Romney McDaniel and RNC official Matt Pinnell. Adding to the intrigue, Vice President-elect Mike Pence’s political team is pushing another candidate: Nick Ayers, a Georgia-based operative who advised Pence during the presidential campaign and has been assisting with the transition.” http://politi.co/2gBKo3qHAPPENING TONIGHT -- GOP LEADERSHIP FETE -- The Congressional Leadership Fund, the leadership backed House Republican super PAC, is hosting a reception at the Capitol Hill Club honoring GOP leadership and the newly elected Republican lawmakers they helped bring to D.C. Slated to show up: Speaker Paul Ryan, House Majority Leader Kevin McCarthy and the rest of their leadership team. CLF and American Action Network spent $48 million on 32 House races in 2016, and they won 29. Invite http://politi.co/2fIctZL FIRST DAUGHTER -- “Ivanka Trump, climate czar? The first daughter aims to use the first lady’s lectern to champion liberal causes,” by Annie Karni: “Ivanka, 35, Trump’s avatar among the moneyed left-wing elite, is now poised to be the first ‘first daughter’ in modern history to play a larger public role than the first lady. And she’s positioning herself … as a bridge to moderates and liberals disgusted and depressed with the tone and tenor of the new leader of the free world. And the ambitious daughter, who once plotted her career around international brand domination, is planning to take on an even heavier lift. Ivanka wants to make climate change — which her father has called a hoax perpetuated by the Chinese — one of her signature issues, a source close to her told Politico. The source said Ivanka is in the early stages of exploring how to use her spotlight to speak out on the issue. If she can pull it off, her advocacy could come as a bit of solace to fearful Americans.” http://politi.co/2goLKk8 THE BEST READOUT EVER – “Pakistan’s surprisingly candid readout of Trump’s phone call with prime minister,” by WaPo’s Max Bearak: “‘Prime Minister Muhammad Nawaz Sharif called President-elect USA Donald Trump and felicitated him on his victory. President Trump said Prime Minister Nawaz Sharif you have a very good reputation. You are a terrific guy. You are doing amazing work which is visible in every way. I am looking forward to see you soon. As I am talking to you Prime Minister, I feel I am talking to a person I have known for long. Your country is amazing with tremendous opportunities. Pakistanis are one of the most intelligent people. I am ready and willing to play any role that you want me to play to address and find solutions to the outstanding problems. It will be an honor and I will personally do it. “Feel free to call me any time even before 20th January that is before I assume my office. On being invited to visit Pakistan by the prime minister, Mr. Trump said that he would love to come to a fantastic country, fantastic place of fantastic people. Please convey to the Pakistani people that they are amazing and all Pakistanis I have known are exceptional people, said Mr. Donald Trump.’ Trump’s transition team did not respond to immediate requests for comment or corroboration.” http://wapo.st/2fOmEr8WALL STREET MEMO -- “Goldman Sachs poised for return to power in Trump White House,” by Morning Money’s Ben White in New York: “Government Sachs is returning to Washington. After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers.“Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and Budget, people close to Cohn and the transition said. Cohn, a long-time commodities trader, is friendly with Trump’s powerful son-in-law, Jared Kushner. It’s a stunning reversal of fortune for Goldman, a long-time Washington power that fell out of favor following the financial crisis. CEO Lloyd Blankfein got hauled before Congress along with other Wall Street executives to account for their behavior. And Trump, who ran as a populist and bashed Wall Street on the campaign trail, featured Blankfein as a shady and dangerous character in his final campaign ad.” http://politi.co/2gO6cIa WHAT TRUMP TOWER IS READING – “Trump Outpaces All Recent Presidents-Elect on Cabinet Picks,” by Rob Bluey and Rachel del Guidice: “A Daily Signal analysis of Cabinet nominations dating back 40 years reveals that President-elect Donald Trump is outpacing all of his predecessors, including George H.W. Bush, who was a sitting vice president at the time of his election.” http://dailysign.al/2ge2VFt-- Political Memo by NYT’s Alex Burns, “Trump, a Free-Form Leader, Experiments and Invites Drama”: “While Mr. Trump’s focus appeared to careen unpredictably from hour to hour [Tuesday and Wednesday], the larger pattern he followed was a familiar one. As a candidate, Mr. Trump operated largely on gut instinct, with publicity-seeking provocation as his chief tactic. Trusting few people outside a circle of intimates, Mr. Trump thrived in a daily cycle of controversy and cultivated an atmosphere of often-public drama and division within his campaign.” http://nyti.ms/2gOtXzR -- “Wrestling exec Linda McMahon a top choice for Trump’s small business chief,” by Megan Cassella: “Linda McMahon, a professional wrestling executive and former Republican contender for Connecticut’s U.S. Senate seats, is among the top contenders to lead Trump’s Small Business Administration.” http://politi.co/2goN4DD -- “Trump considering Dan Coats for intel director,” by Alex Isenstadt: “Coats, a member of the Senate Intelligence Committee, met with President-elect Donald Trump on Wednesday at Trump Tower. Speaking to reporters afterward, he was coy about his intentions.” http://politi.co/2gBLOe9ON THE AIR -- “Trump runs ads promoting ‘thank you’ tour,” by Steve Shepard: “Trump’s campaign apparatus is spending $2,300 on an oldies station in Cincinnati to promote his 7 p.m. event Thursday night at U.S. Bank Arena, a downtown venue that’s also home to a minor-league hockey team. The money for the ad is coming from Trump’s presidential campaign, according to a source tracking media buys — not the presidential transition.” http://politi.co/2gOgfNwSHOT -- FOR POLITICS AND PINTS ONE DAY -- @steveweinstein: “Clinton now over 65 million votes. No candidate except Obama ever did that. Not even the great Trump! Clinton 65,001,074 Trump 62,578,111”.CHASER -- NEW ON HILLARYCLINTON.COM -- “Help with the Michigan recount: Let us know if you want to get involved”: http://hrc.io/2gLs20jFUTURE OF NEWS -- NYT Business Day front, “While We Weren’t Looking, Snapchat Revolutionized Social Networks,” by Farhad Manjoo: “Snap has quietly become one of the world’s most innovative and influential consumer technology companies. ... [P]erhaps most important, its model for entertainment and journalism values human editing and curation over stories selected by personalization algorithms — and thus represents a departure from the filtered, viral feeds that dominate much of the rest of the online news environment.” http://nyti.ms/2gOfJiGVALLEY TALK -- “Sheryl Sandberg is donating more than $100 million in Facebook stock to charity,” by Re/code’s Kurt Wagner: “The stock, 880,000 shares, was transferred into what is known as a donor advised fund, which is controlled in this case by Fidelity, but gives Sandberg the chance to steer the money where she wants it. That includes women’s empowerment groups like Lean In (which Sandberg founded), anti-poverty organizations like Second Harvest Food Bank, and grief organizations like Kara, according to people familiar with Sandberg’s plans.” http://on.recode.net/2gJaioL FOR YOUR RADAR -- “Mayors look to tackle climate change at city level,” by FT’s Ed Crooks in New York: “The mayors of Atlanta, Cape Town, Paris and Vancouver have pledged to lead a 7,000-city push to combat the threat of climate change, even as Donald Trump’s election as US president dims hopes for co-ordinated national action. The cities, along with Seoul, Quito and others, will join the board of the Global Covenant of Mayors, chaired by Michael Bloomberg, former mayor of New York, and Maroš Šefčovič, vice-president of the European Commission.” http://on.ft.com/2fI0TOt ... Release http://politi.co/2gaIG8sTHE NEW GILDED AGE -- “How to Hide $400 Million: When a wealthy businessman set out to divorce his wife, their fortune vanished. The quest to find it would reveal the depths of an offshore financial system bigger than the U.S. economy,” by NYT’s Nick Confessore: “[A] worldwide financial system catering exclusively to the very wealthy ... has become astonishingly effective at ‘offshoring’ wealth — detaching assets, through complex layers of ownership and legal planning, from their actual owners, often by hiding them in another country. Created by lawyers, accountants and private bankers and operating out of a global archipelago of European principalities, former British colonies and Asian city-states, the system has one main purpose: to make the richest people in the world appear to own as little as possible.” http://nyti.ms/2gLytAf MEDIAWATCH -- WSJ’s JOSH DAWSEY TO POLITICO -- Memo from Carrie Budoff Brown and John Harris: “John and I are thrilled to announce that Josh Dawsey, a New York City Hall reporter for The Wall Street Journal, will join our White House team later this month. He struck us immediately as a classic POLITICO reporter. He excels at breaking news, getting behind the scenes to show how decisions are made, and holding public officials to account. Josh has worked at The Journal since 2012, breaking a number of stories about federal investigations into City Hall, record lobbying in the city and the questionable ethical activities of the mayor's political non-profit and his outside advisers. He has written detailed portraits of the mayor's management style and character, taking readers deep inside City Hall, while chronicling Bill de Blasio’s attempts to become a leader in the Democratic Party and his intra-party feud with Gov. Andrew Cuomo. … He graduated from the University of South Carolina and is a proud Southerner.”-- “Breitbart News sees advertisers exit, calls Kellogg’s decision ‘un-American,’” by L.A. Times’ David Ng: “Breitbart News Network is seeing some of its advertisers head for the exit doors and is responding in typical Breitbart fashion: by going on the counteroffensive, labeling one of them as ‘un-American’ and calling it a war on conservatism … Breitbart is fighting back at one of the advertisers — the breakfast cereal maker Kellogg Co. — by launching a Twitter campaign #DumpKelloggs that encourages its readers to sign a petition and boycott the maker of such favorites as Froot Loops and Apple Jacks. On Wednesday, Breitbart placed an article about its #DumpKellogs campaign in the top slot of its homepage. By early afternoon, the article had drawn more than 6,000 reader comments, many in support of the boycott.” http://lat.ms/2gaMPJw … Breitbart’s story http://bit.ly/2gYgz0r -- “Reporter Sopan Deb Shifts From Chronicling Donald Trump To Covering Culture,” by HuffPost’s Michael Calderone: “In a memo to staff, [N.Y.] Times Culture Editor Danielle Mattoon said Deb will ‘cover a spectrum of news – cultural, political, race/gender/class, way-we-live-now – through arts and entertainment lenses in the Trump era.’ Deb, 28, joined CBS in 2014 as an associate producer following stints at NBC News, Al Jazeera Media Network, The Boston Globe and Major League Baseball.” http://huff.to/2gaMSVw-- HAPPENING TONIGHT: CNN’s Jake Tapper will moderate the headline panel of the Harvard Kennedy School’s Institute of Politics forum with Trump campaign manager Kellyanne Conway and Clinton campaign manager Robby Mook. The conversation, “War Stories: Inside Campaign 2016,” will air on CNN’s “State of the Union” on Sunday at 9 a.m. EST.-- Skipping the Harvard event, for unexplained reasons: HBS grad Steve Bannon http://bit.ly/2gH1tJz-- Longtime Iowa Caucus veteran journalist David Yepsen is returning to host “Iowa Press” on Iowa Public Television starting Jan. 20, 2017: http://bit.ly/2gOgBDH ... Des Moines Register story http://dmreg.co/2gLw1tzNEW TIME MAGAZINE -- This week’s TIME cover story reflects on Fidel Castro’s life, his complicated legacy, his brother and successor Raúl, and the future of renewed relations between Cuba and the United States. See the cover. http://bit.ly/2gHkX33SOUND FAMILIAR? WaPo yesterday, “Donald Trump is assembling the richest administration in modern American history,” by Jim Tankersley and Ana Swanson: http://wapo.st/2fHUHWP--Politico, last Saturday, “Trump’s team of gazillionaires: The self-styled champion of the working class assembles an administration that could be worth as much as $35 billion,” by Ben White and Matt Nussbaum: http://politi.co/2fdgOnO SPOTTED -- South Carolina Rep. Jeff Duncan greeting Texas Rep. Mike McCaul, a candidate for DHS secretary, by saying “Mr. Secretary” … Adrian Fenty, John Podesta and Steve Spinner on the redeye from SFO-IAD … Former Mississippi Sen. Trent Lott on a flight from Dulles to Heathrow … Mark Leibovich boarding an Amtrak train at NY Penn Station yesterday afternoon … Mass. Gov. Charlie Baker outside Union Station yesterday afternoon ... Newt and Callista Gingrich last night at Cafe MilanoREMEMBERING CLAUDE WYATT DICKERSON – John Dickerson posts on Instagram about his father: “He was a good man. Fought like hell ‘till the end. He always did. Thanks to the doctors and nurses at @DCVAMC”. Instapic of the two http://bit.ly/2gJsMWbJOEL BENENSON spoke to DAVID AXELROD at UChicago’s Institute of Politics on Tuesday night. Video of the full event is online and is a fascinating look inside the Clinton camp’s views as to why they lost the election. Video http://bit.ly/2gYd1LDOUT AND ABOUT -- The U.S. Chamber of Commerce’s Global Intellectual Property Center hosted the 4th annual IP Champions Awards on Wednesday evening. Fox News’ James Rosen emceed the event, which honored innovators across a broad spectrum of industries, including Sugar Ray lead singer Mark McGrath and Billy Idol guitarist Billy Morrison.SPOTTED: Sen. Orrin Hatch (R-Utah), Ben Jenkins, Oscar award-winning producer and director Bruce Cohen, David Hirschmann, Mark Elliot, Jared Parks, Bradley Hayes, Ray Kerins, Mitch Rose, David Green, Rep. Doug Collins (R-Ga.) who took the stage to toast awardees, Rich Bagger, Kathryn Lyons, Amos Snead, Grover Norquist, Benny Johnson, Ruth Vitale, Suhail Khan, Megan Wilson, Ashley Gold, Anissa Brennan, Rick Lane, Mike Castellano, Cameron Gilreath.PIC DU JOUR – The massive Christmas tree last night in the lobby of the Trump hotel in D.C. (it’s a fake tree). http://politi.co/2gaQBCIBIRTHDAY OF THE DAY: Jen Psaki, White House communications director, celebrating with her husband and daughter “and a big glass of wine” -- read her Playbook Plus Q&A: http://politi.co/2gBWqJN BIRTHDAYS: Natalie Wyeth Earnest (hubby tip: Josh) ... Karen Tumulty, the pride of San Antonio ... Florida Gov. Rick Scott is 64 … POLITICO Magazine’s Elizabeth Ralph, the pride of Radnor, Pennsylvania ... former CIA director Stansfield Turner is 93 … Joel Miller of Rep. Brett Guthrie’s office (h/t wife Megan Bel Miller) ... Charlie Anderson of the WH National Economic Council ... Kyle Lierman of the WH Office of Public Engagement ... Wayne Ting ... DNC alum Raul Alvillar ... Susan Stilts Collins, celebrating with breakfast with the 4 kids and dinner at Sushi Ogawa in DuPont with her husband (hubby tip: Rob) ... Sen. Gary Peters (D-Mich.) is 58 ... Jared Scott Small … Ani Toumajan, LA for Rep. Frank Pallone, Jr. (D-NJ) and the pride of Southfield, Mich. (h/t doting bro Mihran) ... Shin Inouye, press secretary for USCIS and former director for speciality media at the White House (h/t Ben Chang) ... Marylouise Oates, novelist and wife of Bob Shrum (h/t Tammy Haddad) ... Safra A. Catz, Israeli-born co-CEO and board member at Oracle, is 55 ... Natalie Ravitz, SVP of comms for the NFL after stints working for Rupert Murdoch, Mike Bloomberg and Sens. Barbara Boxer and Paul Wellstone (h/ts Jewish Insider) ...... Josh Kraushaar, politics editor at National Journal, is 35 ... Marty Chase is 76 ... Bush WH alum Jenny Lynn Buntin ... Bruce Kieloch is 51 ... Politico’s James Senkbeil ... NPR’s Carrie Johnson ... Yochi Dreazen, deputy managing editor and foreign editor at Vox ... JS Kim, I-banking analyst covering tech and media at Credit Suisse in Hong Kong ... Berry Kurland ... Jordan Lieberman, president of Audience Partners: Politics ... Mona Salama, a Breitbart News contributor, is 29 ... Brett Lieberman ... Jeri Henson Dies ... Reggie Smith ... Ryan Bell ... Hayley D’Antuono is 25 ... Terri New, founder and president of Capital Strategies ... Bruce Young ... Charlie Anderson (aka Uncanderson) ... Becky Weissman … Jake Kuitwaard … Terrie New … David Seldin, partner at Brunswick Group … Randy Bauer … Dan McGuire … Donnie Fowler ... Jamie Domini (h/ts Teresa Vilmain) … Stephanie Yousef … Woody Allen is 81 … Bette Midler is 71 … Sarah Silverman is 46 ... Zoe Kravitz is 28 ... pop singer Nico Sereba (Nico & Vinz) is 26 (h/ts AP)

01 декабря 2016, 13:29

Команда Трампа. Голдман Сакс снова на коне

Дональд Трамп объявил имя будущего министра финансов США: им станет Стивен Тёрнер Мнучин (Steven Terner Mnuchin). Для кого-то это явилось неожиданностью. Ведь среди претендентов на высокий пост называли исполнительного директора банка JPMorgan Джейми Даймона, члена палаты представителей Джеба Хенсарлинга... У Стивена Мнучина, однако, было важное преимущество: в предвыборной кампании Трампа он работал финансовым менеджером. Кроме того, что самое важное, Мнучин вышел из недр банка Голдман Сакс.  Родился Тёрнер Мнучин в состоятельной еврейской семье. Окончил Йель и сразу пошел трудиться в Голдман Сакс, где большую часть своей жизни провёл его отец Роберт Мнучин, сделавший в банке карьеру (стал партнёром) и сколотивший хорошее состояние. Мнучин-младший провёл в стенах Голдман Сакс 17 лет – с 1985 по 2002 год. Работал на направлениях, обеспечивающих основную деятельность банка (контроль, надзор за операциями на рынках муниципальных облигаций, ипотечных бумаг, других рынках и т.п.). В 90-е годы получил статус партнёра банка, что считается большим достижением. Затем стал топ-менеджером Голдман Сакс по вопросам информационного обеспечения.

01 декабря 2016, 06:45

Команда Трампа. Голдман Сакс снова на коне

Дональд Трамп объявил имя будущего министра финансов США: им станет Стивен Тёрнер Мнучин (Steven Terner Mnuchin). Для кого-то это явилось неожиданностью. Ведь среди претендентов на высокий пост называли исполнительного директора банка JPMorgan Джейми Даймона, члена палаты представителей Джеба Хенсарлинга... У Стивена Мнучина, однако, было важное преимущество: в предвыборной кампании Трампа он работал финансовым менеджером. Кроме того, что...

01 декабря 2016, 01:12

Mnuchin foundation donated to groups that vouched for his bank

Trump’s Treasury pick earned millions of dollars from the sale of a bank accused of wrongful foreclosures.

Выбор редакции
30 ноября 2016, 18:21

New Strong Sell Stocks for November 30th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Wednesday

01 декабря 2016, 06:45

Команда Трампа. Голдман Сакс снова на коне

Дональд Трамп объявил имя будущего министра финансов США: им станет Стивен Тёрнер Мнучин (Steven Terner Mnuchin). Для кого-то это явилось неожиданностью. Ведь среди претендентов на высокий пост называли исполнительного директора банка JPMorgan Джейми Даймона, члена палаты представителей Джеба Хенсарлинга... У Стивена Мнучина, однако, было важное преимущество: в предвыборной кампании Трампа он работал финансовым менеджером. Кроме того, что...

30 сентября 2016, 17:09

Топ-10 самых инновационных университетов мира

Считается, что американская университетская система – это двигатель инноваций и прогресса, и это подтверждает рейтинг инновационных университетов мира от Reuters.