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Donald Trump: Cabinet Pick Steven Mnuchin Net Worth Is Actually Huge

collected by :John Locas

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Trump Treasury pick Steven Mnuchin hammered by Democrats on OneWest foreclosures at confirmation hearing

Trump Treasury pick Steven Mnuchin hammered by Democrats on OneWest foreclosures at confirmation hearing*/

– Steven Mnuchin, the Wall Street executive tapped by President-elect Donald Trump to be the next Treasury secretary, faced some of the most blistering personal attacks of any Cabinet pick so far as Democrats accused him of foreclosing on the homes of thousands of struggling Americans while head of a Pasadena bank, even as he helped rich hedge fund clients shelter their wealth offshore.Mnuchin was on the defensive during a more than five-hour confirmation hearing Thursday at which it was also revealed he initially had failed to disclose $95 million in real estate holdings and his position as director of a corporation in the Cayman Islands, a well-known tax haven.Democrats questioned how Mnuchin could be expected to crack down on tax-avoidance schemes he helped clients use in the past.
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Donald Trump Cabinet Picks Steven Mnuchin And Rick Perry Face Confirmation Hearings

Donald Trump Cabinet Picks Steven Mnuchin And Rick Perry Face Confirmation Hearings*/

– He doesn’t seem to understand what the DOE actually does.“They’ve never created one bit of energy, the best I can tell,” Perry said during an October 2011 campaign stop in New Hampshire.“Our energy industry has to be freed up from the overregulations.
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Donald Trump: Cabinet Pick Steven Mnuchin Net Worth Is Actually Huge

Donald Trump: Cabinet Pick Steven Mnuchin Net Worth Is Actually Huge*/

– This story, originally published Jan. 11, 2017, has been updated to reflect new, additional disclosures from Mnuchin before his Senate confirmation hearing on Jan. 19.He may not quite be a billionaire like several other Donald Trump cabinet picks, but Treasury Secretary nominee Steven Mnuchin isn’t too far off.Mnuchin, a former Goldman Sachs ( gs ) banker and Hollywood financier , revealed his net worth Tuesday in his first financial disclosure, filed in advance of his upcoming Senate confirmation hearings.
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“Foreclosure King” Steven Mnuchin Has one Ethical Conflict He’d Like to Keep

“Foreclosure King” Steven Mnuchin Has one Ethical Conflict He’d Like to Keep*/

– Yesterday, Steven Mnuchin, Donald Trump’s pick for Treasury secretary, suggested that he would break ranks with his boss by divesting stakes in 43 companies to avoid conflicts of interest, from his interests in his movie-production business to his investments in John Paulson’s hedge fund.Although such a move is exactly what a person in Mnuchin’s position is supposed to do, the fact that he has declared he would do so on the same day Trump said he will not made him look pretty good.But not so fast!
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Steven Mnuchin Will Be The Next Secretary Of The Treasury Because Resistance Is Futile

Steven Mnuchin Will Be The Next Secretary Of The Treasury Because Resistance Is Futile*/

– After a career spent basically making it impossible that he would ever hold a government job, Steven Mnuchin entered the Dirksen Office Building earlier today for his confirmation hearing to become the next Secretary of The United States Treasury Department.It was a show that some in attendance clearly did not want to see – especially Senate Finance Committee Chair Orrin Hatch who acted like the whole thing was community theater being performed on his lawn without his permission and appeared to be under the impression that Mnuchin was the second coming of Alexander Hamilton and perhaps his own biological son – and Mnuchin was grilled on a variety of topics by members of both parties.In fairness to the Zelig of bad moments in modern financial history, Mnuchin was unflinching (if you don’t count his face and some of his answers) throughout the hearing and made it clear that he is a fiscal moderate who may or may not have benefited enormously from the mortgage crisis by running a foreclosure machine backed up by Treasury Department loans.
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