Marathon’s Richards: Trump Needs Goldman Touch Now More Than Ever

Bruce Richards, chief executive of distressed-debt investor Marathon Asset Management, said amid the White House tumult the presence of former Wall Street executives Steven Mnuchin and Gary Cohn in the administration is critical.

“They are needed more than ever at moments like this,” Richards said in an interview with Bloomberg Television on the sidelines of the SkyBridge Alternatives Conference in Las Vegas. “It is a steady hand that comes from Steven Mnuchin and Gary Cohn.”

Richards said that while there are questions about President Donald Trump’s actions that need to be answered, he doesn’t see Treasury secretary Mnuchin and National Economic Council director Cohn leaving the administration.

“It is not clear to me, just that the President has some questions to answer, that they will jump ship,” Richards said.

Richards said Congress should set up an independent commission to review actions by President Donald Trump and his administration and decide

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