Business Insider: Bannon’s 2014 Vatican Speech Strikes Fear on Wall Street

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This article written by Rob Garver appeared in the Business Insider:

Donald Trump’s nomination of Breitbart News executive chairman Steve Bannon to serve as chief strategist and senior counselor in the White House at first generated a furious reaction from anti-hate groups, because of the connection between the alt-right movement his website supports with white nationalism.

But religious and ethnic minorities might not be the only ones getting a little nervous that Bannon has the future president’s ear.

On Tuesday, BuzzFeed News released a transcript of remarks Bannon delivered to the Christian conservative Human Dignity Institute in 2014. In a lengthy discourse on the causes and aftereffects of the 2008 financial crisis Bannon, himself a former managing partner at Goldman Sachs, blamed the financial crisis and subsequent recession on the “greed” of his fellow bankers and expressed anger at the fact that no bank executives faced criminal prosecution.

“Think about it — not one criminal charge has ever been brought to any bank executive associated with 2008 crisis,” Bannon said. “And in fact, it gets worse. No bonuses and none of their equity was taken. So part of the prime drivers of the wealth that they took in the 15 years leading up to the crisis was not hit at all, and I think that’s one of the fuels of this populist revolt that we’re seeing as the tea party.”

Read the rest of the story here.


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