ML-Implode News - "Trump Conned Them": Hedgie Tilson on Trump's Pivot to Wall Street, Away From Supporters

Hedge fund manager Whitney Tilson was feeling happy Wednesday morning... the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower... "I can take glee in that -- I think Donald Trump conned them," said Tilson, who runs Kase Capital Management. "I worried that he was going to do crazy things that would blow the system up. So the fact that he's appointing people from within the system is a good thing.
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If Mnuchin becomes Treasury secretary, he'll be the third Goldman Sachs alum in three decades to get the job. As Trump switches from using Wall Street as a punching bag to a farm team, bank stocks are roaring and executives and investors are sighing with relief. They're not too worried about fury from Trump's voters.

"Some say that those who elected him may be disappointed in some way," said Scott Bok, who heads boutique investment bank Greenhill & Co. "But I think all those people want is a stronger economy. If tax cuts and infrastructure spending get them that, I think they'll be happy."

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"Trump Conned Them": Hedgie Tilson on Trump's Pivot to Wall Street, Away From Supporters