Steve Mnuchin was born into a family of Wall Street royalty, and he has made a career out of being “lucky.” In fact, Mnuchin has a long history of coming out ahead, even in questionable deals.
Both Trump and Mnuchin have run businesses accused of widespread racial discrimination and other predatory practices. They both represent the excessive wealth and greed of the billionaire developer and banker class.
Mnuchin was part of a group that netted billions thanks in large part to a much-criticized deal that allowed the investors to buy OneWest Bank at a big discount while passing off as much as 75 percent of its loan losses on the Federal Deposit Insurance Corp.
The flurry of picks showed Trump, a real estate tycoon with no governing experience, rewarding loyalists and established Washington veterans as he rounds out his circle of top advisers.
New York (AFP) – U.S. Treasury Secretary Jacob Lew will undergo surgery Tuesday in New York to treat a benign enlarged prostate. The outpatient procedure will keep him at home for the rest of the week, after which he should be able to resume duties, a spokeswoman said Sunday. Eight days before the scheduled operation, […]