It’s been a hectic week on Capitol Hill – as President Barack Obama’s term comes to an end, the Senate is putting the final touches on Donald Trump’s soon-to-be administration.
Not a single Cabinet-level nominee from Trump has gone without at least some scrutiny.
Alabama Senator Jeff Sessions drew the heaviest criticism. The ACLU and the NAACP teamed up to protest his nomination to Attorney General. Plenty of environmental activists came out to voice their opposition to Rex Tillerson for Secretary of State, and Scott Pruitt as head of the EPA. The Democratic Party itself aimed a cheeky attack ad at Secretary of Education nominee Betsy DeVos, and followed up today with a similar ad against Steve Mnuchin for Treasury Secretary.
Mnuchin has a long (and at times not-so-good) resume working in the financial sector. Like his father before him, as soon as Mnuchin graduated from Yale in 1985, he immediately got a job in the mortgage department at Goldman Sachs – a piece of his resume that Great Recession-conscious Democrats are weary of.
When he left Goldman Sachs in 2002, he took off with an estimated $46 million in stock and another $12.6 million in his pocket. But that’s not what Senate Dems are most most frustrated with.
“If Elizabeth Warren were to design a Wall Street villain in her laboratory she’d have a hard time improving on Mnuchin,” a newscaster says.
That’s because after his Goldman Sachs days, Mnuchin went on to lead OneWest, which at the time owned $23.5 billion in mortgages and mortgage backed securities. If you remember 2008 and 2009 you probably have an idea of where this is going.
OneWest under Mnuchin’s leadership was considered to be an aggressive “foreclosure machine,” foreclosing on more than 36,000 California homeowners, and earning Mnuchin the moniker “Foreclosure King.”
The ad ends with a snarky tone that’s sure to ring in the minds of those who remember the 2008 financial crisis: “Who knows the economy better than someone who helped crash it?”
Not a single Cabinet-level nominee from Trump has gone without at least some scrutiny.
Alabama Senator Jeff Sessions drew the heaviest criticism. The ACLU and the NAACP teamed up to protest his nomination to Attorney General. Plenty of environmental activists came out to voice their opposition to Rex Tillerson for Secretary of State, and Scott Pruitt as head of the EPA. The Democratic Party itself aimed a cheeky attack ad at Secretary of Education nominee Betsy DeVos, and followed up today with a similar ad against Steve Mnuchin for Treasury Secretary.
Democrats: Steve Mnuchin is a “Wall Street Insider and Foreclosure King”
“Donald Trump promised to drain the swamp, but then he said, ‘F--k it,’” a snooty-sounding narrator starts off. “Because nothing says ‘swamp’ like picking Wall Street banker and foreclosure king Steven Mnuchin to be the next Treasury Secretary.”Mnuchin has a long (and at times not-so-good) resume working in the financial sector. Like his father before him, as soon as Mnuchin graduated from Yale in 1985, he immediately got a job in the mortgage department at Goldman Sachs – a piece of his resume that Great Recession-conscious Democrats are weary of.
When he left Goldman Sachs in 2002, he took off with an estimated $46 million in stock and another $12.6 million in his pocket. But that’s not what Senate Dems are most most frustrated with.
“If Elizabeth Warren were to design a Wall Street villain in her laboratory she’d have a hard time improving on Mnuchin,” a newscaster says.
That’s because after his Goldman Sachs days, Mnuchin went on to lead OneWest, which at the time owned $23.5 billion in mortgages and mortgage backed securities. If you remember 2008 and 2009 you probably have an idea of where this is going.
OneWest under Mnuchin’s leadership was considered to be an aggressive “foreclosure machine,” foreclosing on more than 36,000 California homeowners, and earning Mnuchin the moniker “Foreclosure King.”
The ad ends with a snarky tone that’s sure to ring in the minds of those who remember the 2008 financial crisis: “Who knows the economy better than someone who helped crash it?”