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This is the political scene, a weekly conversation with New Yorker writers and editors about politics.

It's Thursday, August 31st. I'm Jeffrey Tubin sitting in for Dorothy Wickenden.

Two weeks ago, on August 18th, Carl Icon announced that he was stepping down as President Trump's special advisor on regulatory reform.

Icon is one of the richest men in America and was a key figure in the Trump campaign.

After announcing his candidacy in June 2015, Trump went on Morning Joe to explain his vision for the administration.

Hey, look, I know the smartest guys on Wall Street. I know our best negotiators. I know the

overrated guys, the underrated guys, the guys that nobody ever heard of that are killers that are great.

We got to use those people.

He goes on. I'll tell you what, I'd like guys like Jack Welch. I like guys like Henry Cravis. I'd love to bring my friend Carl Icott. You know, I mean, we have people that are great. We have people that are better than any of their negotiations. We don't use them, Joe. We use people that are soft and weak and frankly stupid and incompetent.

Patrick Radden Keith joins me to discuss what Icons maneuvering with the White House tells us about the administration's relationship with Wall Street.

...