Wall Street Execs Poised for Top Spots in Ex-President’s Potential Second Term

Ex-President Donald Trump
Ex-President Donald Trump. Credit | Getty images

United States: The co-chair of U. S. Republican presidential nominee Donald Trump’s newly-formed transition team has started recruiting from his connection from a career on Wall Street to form over 2,000 potential candidates for a possible government administration.

Recruitment Effort

“I’d like to help President Trump and help him find the best to contribute the best talent, the best athletes out there to put on the field to build an incredible first-class administration,” affirmed the CEO of Cantor Fitzgerald, Howard Lutnick, who co-chairs the team with professional wrestling tycoon Linda McMahon, as reported by Reuters.

Its leaders, who are also key contributors to Trump’s campaign, are identifying possible candidates for top jobs while the Trump campaign directs potential strategies and policies in the election year.

Way for High-Profile Appointments

Lutnick and Trump met each other and have been working together for many years. When 658 Cantor employees were killed in the 9/11 tragedy, Trump came to help Lutnick, the CEO, regain his company by helping him to hire thousands of employees.

Now, he is receiving phone calls from people he has met while leading Cantor, which facilitates deals in areas such as energy, technology, and health care. He also operates a brokerage, BGC Group, and is the chairman of Newmark Group, a commercial real estate services firm, and FMX, which is an industry platform owned by some of the leading Wall Street banks and traders.

Lutnick’s pick is a gesture to the business world that Trump brought executives in his inaugural term, including Steve Mnuchin from the Treasury.

Strategy Sparks Debate Amidst Calls for Government Overhaul

Trump’s staffing has been the focus of much debate, especially when a conservative organization named ‘Project 2025’ proposed ambitious dynamics that call for a major overhaul of the federal government. Trump now renounces most of the concepts promoted by this group, as reported by Reuters.

A second Trump white house would likely dismantle more financial regulation, while a possible Kamala Harris-led democratic presidency would likely put more financial regulation in place.