WEB Notes: Yet another cabinet position filled by a globalist tied to international banking. Wilber Ross “spent two decades heading Rothschild Inc’s bankruptcy advisory business, where he represented investors in Trump’s failing Taj Mahal casino in the early 1990s.”
While Donald Trump has railed against wealthy elites running the country, he has also promised to appoint top businesspeople to his administration. The latest: Wilbur Ross. Trump plans to nominate the private equity billionaire and vocal Trump supporter for Secretary of Commerce, according to reports citing transition officials. The two have known each other for more than two decades.
Ross — who has long railed against “bad trade deals” and the decline of manufacturing jobs in America — made a fortune purchasing bankrupt businesses and flipping them for a profit. In August Trump named Ross to his economic advisory council. Now, pending Senate approval, he will serve as the liaison between Trump and the business community.
The son of a New Jersey school teacher and a judge, Ross attended Yale and considered a career as a fiction writer until a summer internship on Wall Street steered him toward finance. After an getting an MBA from Harvard, he spent two decades heading Rothschild Inc’s bankruptcy advisory business, where he represented investors in Trump’s failing Taj Mahal casino in the early 1990s. Ross and Carl Icahn convinced bondholders to strike a deal with Trump, who some investors wanted to push out, which allowed Trump to retain control of the property.