Saturday, 22 July 2017

Trump offers White House communications director job to Anthony Scaramucci.

After seven months of waiting, Wall Street financier and Republican donor Anthony Scaramucci has finally landed a job in the White House.

Scaramucci, 53, was offered the post of White House communications director by President Donald J. Trump on Friday, according to multiple sources close to Scaramucci. He will be filling a role left vacant by Trump’s former communication’s Mike Dubke who resigned in May.

The news was first reported by Axios’ Jonathan Swan.

Meanwhile, White House press secretary Sean Spicer has resigned over the appointment of Scaramucci, the New York Times reported.

A life-long Republican, Scaramucci, affectionately known as “The Mooch,” is one of the more visible figures on Wall Street. A former CNBC contributor, he also made frequent appearances on Fox Business Network where he also previously co-hosted “Wall Street Week,” the iconic financial program he resurrected. He’s also known for hosting the SALT Conference, a star-studded hedge fund event in Las Vegas that brings together billionaires, politicians, and celebrities.

A Goldman Sachs alum, Scaramucci founded SkyBridge Capital, a fund of hedge funds, in 2005.  He raised money for Trump during the campaign and then served on the transition team. In January, Scaramucci sold SkyBridge to Chinese conglomerate HNA Capital on the expectation that he would take a job in the White House. That didn’t happen.

In June, Scaramucci was appointed the chief strategy officer for the U.S. Export-Import Bank. He’s expected to leave that position to take the new role in the White House.

Back in May, Yahoo Finance asked Scaramucci about the sort of role he would take in the White House should the opportunity arise.

“I think I’m a reasonably good communicator. I think I understand the policies reasonably well. I’m a trained economist, entrepreneur. I went to law school at Harvard — I’m not bragging, I just think I have an interesting enough skill set,” he told Yahoo Finance, adding, “I also came from a middle-class family and so I have identification for the struggle, so I think there’s a number of ways I could serve,” he added. “But like I said it’s a call to service.”

On Wall Street, Scaramucci earned a reputation as someone who defends people. He defended Steve Cohen, whose firm SAC Capital pleaded guilty to insider trading. He also stood up for Jon Corzine, the former New Jersey governor who came under fire for his leadership at MF Global, which collapsed in 2011.

“My attitude is you got to stay with your friends. Stick with your friends,” Scaramucci told Yahoo Finance last year in a profile. “People make mistakes too, by the way. I hate sanctimonious, self-righteous people that pretend they’ve never made mistakes.”

That attitude has extended to Trump. Scaramucci has taken to Twitter and made multiple media appearances over the last seven months to defend and support the president.

By Julia La Roche.
Full story at Yahoo News.

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