White House Chief Economic Adviser Gary Cohn—a liberal, registered Democrat, and former Goldman Sachs executive—killed a proposal that included crowdfunding the Mexico border wall with wall bonds, GotNews can exclusively confirm through multiple sources.
Cohn fretted that a decision to use Wall bonds to finance the border wall with private funds would upset House Speaker Paul Ryan and Congress.
In fact bonds are perfectly constitutional.
In March, Alaska Republican Congressman Don Young proposed that the government could sell bonds to finance the wall, and offer public financiers 2.5% interest.
According to public records from the New York state Board of Elections, Cohn’s registration as a Democrat is still active Tuesday.
Cohn left his role as Goldman Sachs chief operating officer in January to join the Trump administration. Goldman is coming come under fire for its purchase last week of $2.8 billion in bonds propping up the regime of Venezuelan socialist dictator Nicolas Maduro.
Stay tuned for more.
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