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Saturday, October 21, 2017

WASHINGTON — President-elect Donald Trump’s naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarizing appointment on Wednesday as financiers cheered the selection while watchdog groups warned that it could lead to rollbacks of crucial post-crisis regulations. Mnuchin, who was a Goldman Sachs partner…

IMAGE: Steven Mnuchin speaks at a panel discussion “Jump-Starting the Housing Market” at the 2009 Milken Institute Global Conference in Beverly Hills,California April 28, 2009. REUTERS/Fred Prouser