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| Kevin Warsh, arriving as a Bilderberg meeting. |
If Trump is looking for a crony Wall Street establishment insider to head the Fed, Warsh is his man.
From 2002 to 2006, Warsh was a member of
the Plunge Protection Team.
During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the Fed's primary liaison to crony Wall Street.
On September 20, 2008, for example, get this. he was granted a waiver to deal with his former employer Morgan Stanley. The next day Morgan Stanley was converted into a bank holding company in order to access Federal Reserve loans, in effect saving the firm
He is currently a visiting fellow at Stanford University's Hoover Institution, a member of the Group of Thirty, and a former steering committee member of the Bilderberg Group.
All this said, he does appear to be a conservative money printer but a money printer none the less.
And, of note, in 2002, Warsh married Jane Lauder, a granddaughter and heiress of Estée Lauder and long-time employee of the family business, the Estée Lauder company.
Warsh's father-in-law, Ron Lauder grew up with President Trump and they remain close.
According to WSJ, Lauder, has been pushing the White House to have the president name his son-in-law to the central bank’s highest post, said people familiar with those conversations.
-RW
UPDATE
Paul Krugman on Warsh:
Kevin Warsh now favorite to become Fed chair. And why not? He has 2 crucial qualifications: inherited money and being wrong about everything pic.twitter.com/IqKcvpNS1C— Paul Krugman (@paulkrugman) September 29, 2017
UPDATE 2
The compromise position:
If libs really don't like Kevin Warsh for Fed Reserve, we could just compromise and...#ENDTHEFED?! pic.twitter.com/jfFGcZzhiL— Corinne Clark (@corinnec) September 29, 2017
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