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Friday, April 19, 2024

Scaramucci: First Fired by Goldman Sachs, Now the White House

Courtesy of Pam Martens

Anthony Scaramucci

Anthony Scaramucci

Were it not for the profanity-laced tirade that Donald Trump’s briefly tenured Director of Communications offered up to a New Yorker reporter, it might be considered a badge of honor to get fired from both the great vampire squid, Goldman Sachs, and by the President whose administration is firmly ensnared in Goldman Sachs’ tentacles.

Wall Street veteran and hedge fund titan, Anthony Scaramucci, who was fired yesterday after a 10-day stint as Director of Communications for Trump’s White House, told reporter Courtney Comstock in 2010 at Business Insider that he had been “fired from Goldman a year and five months” into his tenure there as an investment banker. Scaramucci was rehired by Goldman a few months later, but in a sales position.

Scaramucci’s ties to Wall Street are extensive, including a stint as Managing Director at Lehman Brothers, the iconic investment bank which filed bankruptcy in September 2008 during the height of the financial crisis.

Scaramucci founded SkyBridge Capital in 2005 and in 2010 it purchased a hedge fund of funds from Citigroup, the behemoth Wall Street bank that received the largest bailout in U.S. history during the financial crisis.

In January of this year, SkyBridge Capital announced that it had agreed to sell a majority stake to RON Transatlantic and HNA Group, a Chinese conglomerate. Reuters reported yesterday that the sale is still “under review by the Committee on Foreign Investment in the United States, known as CFIUS.”

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