Thursday, January 19, 2017

Davos' Lone Trump Man Sells to China Capitalist

Years before President Xi Jinping attended the World Economic Forum Carlyle Group co-founder David Rubenstein lauded China's state sponsored capitalism and opined that only three to four years remained to shift to such a model.

Donald Trump will be sworn in as President of the United States tomorrow.  His lone White House appointee in Davos, Anthony Scaramucci, sold his 45% stake in Skybridge Capital to China's HNA Group Co. and RON Transatlantic EG.  The deal will garner Scaramucci roughly $100 million.

The newly endowed Scaramucci will occupy the Assistant to the President, Director in the Office of Public Liaison position in the Trump White House, which commences in roughly fourteen hours. 

Scaramucci will work with both the US business community and political interests to further the goals of the Trump administration. 
It's more like the office of PEU liaison.  Seeking Alpha noted Trump's propensity to appoint and rely on the advice of private equity underwriters (PEU).  The greed and leverage boys have a direct connection to the White House, which has the PEU lobby encouraged.