What Steve Bannon Was Like During his Goldman Sachs Days

President Donald Trump's chief strategist Stephen Bannon is rarely in the spotlight.

Hedge fund manager Anthony Scaramucci, a Trump confidant, who spoke exclusively to TheStreet at a live event on Monday night in New York City, used to work for the man who hired Bannon at Goldman Sachs (GS)

"Bannon is one of the smartest people I know," Scaramucci said, adding that Bannon has read "every book" at Barnes & Noble twice.

Scarmucci praised Bannon's writing skills and can detect Bannon's style in some of President Trump's best speeches.

He also said Bannon understands the economic divide in the U.S. better than anyone.

That's not all Anthony Scaramucci had to say during his lively interview with Michael Wolff.

Read more from TheStreet's "Wall Street Goes to Washington" series

Wall Street And Trump
Wall Street And Trump

What does Wall Street love about Donald Trump? The overarching question at hand for the evening was readily answered. 

"[Wall Street] sees a cleansing of the status quo in Washington -- they see a disruption of this tidal wave of regulation that's going to be rolled back," said Anthony Scaramucci. 

Obamacare And The Lack Of A Repeal
Obamacare And The Lack Of A Repeal

The second question on everyone's mind is the lack of the repeal and replacement of Obamacare, the first item on President Trump's to-do list that failed. 

"The report card is better than what the media says it is," Scaramucci said in an interview with the media writer Michael Wolff.

Over time, he said, Obamacare is bound to have problems, which will prompt the administration to return to the subject.

Tax Reform — What's Coming Down The Pipeline?
Tax Reform — What's Coming Down The Pipeline?

President Trump may have suffered a blow when it comes to health care, but his looming tax reform bill will get bipartisan support.

"Even President Obama in his last couple of years in office said our corporate income tax rates are too high," Scaramucci said.

Goldman Sachs And The Trump Administration
Goldman Sachs And The Trump Administration

Goldman Sachs (GS) alumni may occupy several high-profile jobs in President Trump's administration, but that doesn't mean the Wall Street firm can orchestrate a de facto takeover, says Anthony Scaramucci, a former employee of the investment bank who advises the new president.

The notion that all Goldman alums belong to a cabal, "and we've got the secret handshake is sort of nonsense," said Scaramucci.

Twitter Reacts To The More Controversial Moments
Twitter Reacts To The More Controversial Moments

One of the most controversial moments of the evening came when Scaramucci defended the Trump administration's plans to roll back the fiduciary rule

.@Scaramucci calls DOL fiduciary rule a 'destroyer of markets, and a destroyer of jobs and a destroyer of capital. '#WallStreetToWashington

— Emily Stewart (@EmilyStewartM) March 27, 2017

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This article was written by a staff member of TheStreet.