"About a month after Kim announced his departure, Trump nominated Treasury Department official David Malpass to run the World Bank." news.yahoo.com/how-donald-tru…
"In announcing the nomination in February, Trump said he hoped that Malpass would make sure that 'U.S. taxpayers’ dollars are spent effectively and wisely' and that 'financing is focused on the places and projects that truly need assistance.'
"Once the chief economist at investment firm Bear Stearns, Malpass was best known for a 2007 op-ed in the Wall Street Journal that infamously predicted that the unstable housing market —
"whose impending collapse would soon lead to a recession — posed no threat to the economy at large. An earnest and very public supporter of the Trump presidential campaign, Malpass never let his loyalty flag."
For those who don't remember, Bear Stearns went belly up during the financial crisis.
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