Saturday, August 19, 2017 4:07:57 PM
The fallacy with that idea is Congress is the only body that can pass that legislation, so my observation is Cohn being so important because of the tax reform is BS. Cohn himself can't pass any laws, he's just Trump's agent in the process.
My take is Wall Street is so concerned about Cohn staying because they want to see him as the next Fed Chair in February to replace Yellen. He's ex-Goldman Sucks, so he'll do all he has to do to keep the bubble economy going. He'll be Trump's "Yes Man" at the Fed, because I don't think he can trust Yellen to be. IMO that's why when that rumor about him leaving hit the news, it spooked the markets so badly. Some were even saying if he left it would crash the market.
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