Steve Mnuchin, foreclosure king, now runs your US Treasury

[riversedge]

Just a reminder of who Trump hires!!

Link to tweet

?s=20

Link to tweet

?s=20

Link to tweet

?s=20




Steve Mnuchin, foreclosure king, now runs your US Treasury
https://thehill.com/blogs/pundits-blog/the-administration/320122-steve-mnuchin-foreclosure-king-now-runs-your-us


By Mark Plotkin - 02/17/17 01:00 PM EST


Where do they find these people? Appointed by the president as Cabinet members, many have past lives and records that should immediately disqualify thems for any high office.

Someone who has not been given the attention he so richly deserves is Steven Mnuchin, the new secretary of the Treasury.

Only one Democratic senator voted for him: Joe Manchin of West Virginia. Every other Democratic senator voted a resounding "no."

Sen. Tim Kaine (D-Va.) said the following of Mnuchin: "His complicity in the 2008 financial crisis raises serious doubts."

Sen. Robert Menendez (D-N.J.) went further: "He was part of the cadre of corporate raiders that brought our economy to its knees."

Of the astute businessman's failure to disclose $100 million in an overseas tax haven, Menendez added: "One does not go and create offshore entities at the end of the day other than to avoid, in some form or fashion, the tax laws of the United States. That's pretty simple."

Sen. Tammy Duckworth (D-Ill.) did not hesitate to call Mnuchin "greedy" and "unethical." She backed it up with these blunt words: "Whether illegally foreclosing on thousands of families, skirting the law with offshore tax havens or helping design tactics that contributed to the 2008 financial crisis, Steve Mnuchin made a career — and millions of dollars — pioneering increasingly deceptive and predatory ways to rob hardworking Americans of their savings and homes."..............................

Link to tweet

?s=20

[SWBTATTReg]

1. Of course blaming everybody else and lying out his teeth (extraordinary growth)...the typical

trump administration tactic. All of these crooks should be thoroughly investigated, arrested if criminal conduct (and there will be) found, charged, and convicted for financial fraud if not worse.

[riversedge]

2. I did not know Mnuchin was one of the Bigly foreclosure Kings. So many of Trumps cabinet members

are so crooked, sometimes I just scream. but what good does that do!!

[SWBTATTReg]

5. Disgusting isn't it? It's amazing that trump under his banner has gathered so many of these

types of crooks/scumbags under one roof. I wonder how in the world did they all know about each other? Some kind of secret society or something like that, where they all share secrets of the trade, how to rip off people doing this, or doing that, etc.

I'd like to think that although justice is slow, it does occur and I'd like to think that justice, although delayed, will be served upon these people. If they perpetuated crimes in amassing this wealth, then I almost guarantee you that they've done other things to shelter this wealth to prevent paying of taxes upon it, as well as other illegal things, this seems to be the way of those that commit these types of crimes, they so 'hard' to 'make' this money, that they'll go to any length too, to avoid paying a fair share of declaring the income and then paying taxes on it.

If I were a smart man (and Biden is), I'd declare a bonus (and I think that there already is somewhat w/ the IRS) on unreported income (and thus unpaid taxes) by entities that would be paid to those reporting on such crimes, giving an incentive to the reporters of such illegally obtained income (and unpaid taxes), and also cleaning up the whole financial system. We do need to have a fair system so everyone can have faith in the system.

[Tanuki]

3. Homewrecker

https://www.kqed.org/forum/2010101873984/bankers-profited-off-homeowners-after-the-recession-now-theyre-shaping-policy

Morning Edition

FORUM

Bankers Profited off Homeowners After the Recession, Now They're Shaping Policy

LISTEN

51 min


Michael Krasny


"The American economy has largely recovered in the decade since the recession, but homeownership remains at a 50 year low. In his new book "Homewreckers," journalist Aaron Glantz details how financial executives profited from the devastating foreclosures of the 2008 housing crash, buying up hundreds of thousands of homes and becoming massive landlords, often with help from government subsidies. Glantz explains how those same executives -- including Secretary of Commerce Wilbur Ross and Secretary of the Treasury Steve Mnuchin -- are now shaping the rules of the industry to protect the wealth they accumulated during the recession. Glantz joins Forum to talk about "Homewreckers" and how the erosion of homeownership in the last decade has created widespread financial insecurity.

Guests:

Aaron Glantz, senior reporter, Reveal from the Center for Investigative Reporting; author, "Homewreckers: How a Gang of wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Venture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream"....(listen to author interview at link)

[dalton99a]

4. +1

[erpowers]

6. Democrats Should Be Able to Use This Against Trump

Democrats should be able to use the fact that Donald Trump hired Steven Mnunchin against Trump in the upcoming election. Democrats should be able to use Mnunchin as a way to attack Trump on the issue of draining the swamp. This is an example of Trump doing the exact opposite of draining the swamp. Trump gave a guy who had engaged in illegal activity a job mainly because the guy was willing to help him (Trump) get elected.

[appalachiablue]

7. Mnuchin's OneWest Bank Foreclosed On Elders For Trivial Amts.

Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes. When Steven Mnuchin ran OneWest, the bank aggressively and in some cases, wrongly, foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures. Propublica, Dec. 27, 2016.

..A 2012 report to Congress by the Consumer Financial Protection Bureau said that “vigorous enforcement is necessary to ensure that older homeowners are not defrauded of a lifetime of home equity.”

ProPublica found numerous examples where Financial Freedom had foreclosed for legally questionable reasons. The company served several other homeowners at their homes to let them know they were being sued for not occupying their homes. In Florida, a shortfall of only $0.27 led to a foreclosure attempt. In Atlanta, the company sought to foreclose on a widow after her husband’s death, but backed down when a legal aid attorney sued, citing federal law that allowed the surviving spouse to remain in the home..

https://www.propublica.org/article/trump-treasury-pick-excelled-at-kicking-elderly-out-of-their-homes