President-elect Donald Trump’s pick for Treasury Secretary operates a hedge fund that reaped a massive windfall two years ago — even as global markets sagged.

Scott Bessent is Donald Trump's pick for Treasury secretary. Bessent was a protege of Jewish billionaire George Soros. – The Forward

Politics are shunted to the side. Wooden wanted to win, so did Walton and Alcindor. For coach or players to have allowed politics to get in the way of coaching, improving and winning would have been self-defeating for all concerned.

Scott Bessent was one of George Soros’ right-hand men when the liberal billionaire bet against the pound on Black Wednesday. Mr Bessent, then in his early 30s, was part of one of the most famous trades in history and helped net the Soros Fund some $1.

WASHINGTON -- Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department.

Bessent, an advocate for deficit reduction and deregulation, is a past supporter of Democrats who has become an enthusiastic supporter of Donald Trump.

When Donald Trump announced Friday that hedge fund manager Scott Bessent was his pick for Treasury secretary, there was a massive sigh of relief from the markets, with the yield on the 10-year Treasury falling sharply (a sign that investors think Bessent will help keep inflation cool) and the stock market getting a little bump.

President-elect Donald Trump has referred to his Treasury pick, billionaire hedge fund manager Scott Bessent, as "one of the most brilliant men on Wall Street."