When Gary Cohn first joined the Trump administration, giving up his job as the second-most-powerful person at Goldman Sachs to do so, he easily ranked as the president’s favorite adviser not named Ivanka Trump. In Cohn, Trump saw a Wall Street elite who wouldn’t have given him the time of day just months prior. “Trump loves having Goldman guys around,” a source told Gabriel Sherman last December. “The bank wouldn’t touch Trump, and now they’re working for him,” and for a while, the ex-Miss Universe owner was almost deferential to the former Goldman president. Cohn had “walk-in privileges” and was actually allowed to interrupt inane ramblings that other aides were forced to endure in order to offer his take on a situation. Trump was said to love that Cohn was a “guy’s guy,” and the fact that he had the experience of running an organization that employed thousands of people; plus, he had a “self-assured confidence” that put him at the top of Trump’s list of trusted associates, presumably well above his own male progeny. So enamored was Trump with Cohn that for a while, it looked as though the ex-Goldman No. 2, who is not an academic or an economist, and whose own friends say they can’t see him reading policy papers, was going to be named chairman of the Federal Reserve when Janet Yellen’s term expired in February. Many on Wall Street presumed that Cohn that thrown aside his dignity, career, and good name for the chance to grab at the brass ring.

Unfortunately, as we now know, that’s wildly unlikely to happen, following Cohn’s fatal mistake of daring to tell the Financial Times that the administration needed to do a better job handling the vitriolic rhetoric of hate groups like white supremacists, neo-Nazis, and the K.K.K., in the wake of the violence in Charlottesville. And now, the president seems to be going out of his way to rub Cohn’s face in it:

President Donald Trump and Treasury Secretary Steven Mnuchin met Thursday with former Federal Reserve governor Kevin Warsh as a potential nominee to be next Fed chairman, an administration official said.

The fact that Trump is not only openly visiting with other candidates, but appears to be leaning on Mnuchin, who a former Goldman partner told William D. Cohan in early August was having “his homework . . . checked by Gary,” has got to be extra tough to take. Meanwhile, Cohn—who, as a reminder, left a position as one of the most powerful people on Wall Street to do this—has been relegated to arguing on pre-dawn morning TV with George Stephanopoulos and claiming it costs $1000 to buy a new car and renovate a kitchen.

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Tax plan that is “not good for people like” Trump would save Trump tens of millions of dollars each year