Saturday, August 6, 2016

Trump comes out with economic think tank

Trump's economic advisory team includes:

  • Tom Barrack, who founded Colony Capital, a private equity firm. He also served in the Reagan administration as deputy undersecretary of the Interior Department.
  • Andy Beal, who founded Beal Bank and other financial firms, including CSG Investments, Loan Acquisition Corp. and CLG Hedge Fund. 
  • Stephen Calk, who founded Federal Savings Bank and National Bancorp Holdings, which is primarily focused on increasing home ownership among veterans.
  • Dan DiMicco, who was former CEO of Nucor Corp, a large steel producer. He wrote the book "American Made: Why Making Things Will Return Us To Greatness," on how to revitalize manufacturing.
  • Steven Feinberg, who co-founded Cerberus Capital Management, a private equity firm which focuses on investing in distressed assets. 
  • Harold Hamm, who is chief executive of Continental Resources, an oil and natural gas producer. He spoke at the Republican convention.
  • Howard Lorber, who is CEO of Vector Group, a publicly traded company involved in the real estate and consumer products industries. He also serves as chairman of Douglas Elliman Realty, a real estate brokerage firm.
  • David Malpass, who served as deputy assistant Treasury Secretary under President Reagan and deputy assistant Secretary of State under President George W. Bush. Malpass also founded Encima Global, a consulting and research firm that provides analysis on global economic and political trends.
  • Steven Mnuchin, who is CEO of Dune Capital Management, a private investment firm, and was an executive as Goldman Sachs. Mnuchin raised eyebrows when Trump picked him as finance chair because he contributed multiple times to Hillary Clinton when she was a senator from New York. 
  • Stephen Moore, who founded the Club For Growth and is chief economist for the conservative Heritage Foundation. Moore was the senior economist of the Joint Economic Committee under Chairman Dick Armey.
  • Peter Navarro, who is a trade expert and professor of economics and public policy at the University of California, Irvine.
  • John Paulson, who is president of Paulson & Co, a hedge fund. He made billions by betting against the housing bubble in 2006. He has had to use his own fortune to shore up his firm's finances in recent years, according to a Bloomberg report earlier this year.
  • Steven Roth, who is chief executive officer of Vornado Realty Trust, which develops, owns and manages office and retail properties in New York City, Washington, D.C., Chicago and San Francisco.