Donald Trump has tapped yet another Goldman Sachs (GS) executive to join his administration.
The president announced plans to nominate James Donovan, managing director at Goldman Sachs and adjunct professor at the University of Virginia School of Law, as Deputy Secretary of the Treasury. He will join other former Goldman employees brought on by Trump, including Treasury Secretary Steve Mnuchin, National Economic Council director Gary Cohn, chief White House strategist Steve Bannon and senior counselor on economic initiatives to the president Dina Powell.
Donovan, who at Goldman worked on corporate strategy, investment banking and investment management, according to the Trump administration, is expected to work on Trump's economic policy agenda.
The number of former Goldman Sachs alumni populating the executive branch under Trump has spurred cries of hypocrisy among onlookers who note the president railed against Wall Street and sought to vilify Goldman on the campaign trail.
During the Republican primary race, he criticized Senator Ted Cruz for his failure to disclose a loan from Goldman Sachs, where Cruz's wife also works. He said the bank has "total control" over both Cruz and Hillary Clinton.
As the Washington Post notes, one of Trump's final presidential campaign ads included a clip showing Goldman CEO Lloyd Blankfein as part of a "global power structure."
Whatever his qualms about Goldman in the past, they appear to have dissipated -- Donovan marks his fifth hire from the investment giant.
On Tuesday, Trump also announced his selection of Christopher Giancarlo to head the Commodity Futures Trading Commission and appointments to a handful of other administration positions.
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