Ahead of Donald Trump's inauguration Friday, protesters have been camping out in front of the New York headquarters of Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. Report to denounce Donald Trump's Cabinet and adviser picks. Many of Trump's choices, including Stephen Bannon, Steve Mnuchin and Anthony Scaramucci, used to work at Goldman Sachs. Trump's choice for SEC chair also previously advised Goldman Sachs in a legal capacity.
Protesters told TheStreet that these selections show how Trump is "filling the swamp" even though he ran on the notion of "draining the swamp."
Bill Cohan, author of Money and Power: How Goldman Sachs Came to Rule the World, said the notion of draining the swamp is vague. "If someone is nominated for a Cabinet position and is willing to bring their expertise on things like capital markets and the way finance works and the way Wall Street works, why wouldn't we want that expertise in Washington to help sort through our myriad of problems?" He also said there has always been a symbiotic relationship between Wall Street and government.