NewsHounds
We watch Fox so you don't have to!
  • Home
  • About
  • Archives
  • Forum
  • Blogroll
  • Donate
  • Shop
  • Contact
  • Privacy Policy
Home →

Watch 'Foreclosure King' Steven Mnuchin Confirmation Hearing

Posted by Ellen -7859.80pc on January 19, 2017 · Flag

Mnuchin_DonkeyHotey.jpg

Today's nominee is Steven Mnuchin, Donald Trump's pick for Treasury Department secretary. He's a Goldman Sachs billionaire known as the "Foreclosure King." I've got more details and live video of his hearing after the jump.

From Vanity Fair:

During his time running mortgage lender OneWest, which he bought with a group of investors for pennies on the dollar before selling it for a personal profit of many millions, Steven Mnuchin & Co. foreclosed on more than 36,000 homeowners. Because (1) that’s a lot of people kicked out of a lot houses and (2) everyone loves a good nickname, Mnuchin has earned the moniker, in some circles, “Foreclosure King,” or ”Foreclosure King of California,” if you’re not one for brevity.

Vanity Fair also notes that a "leaked memo from the California attorney general’s office alleg[ed] that OneWest backdated documents so they could push more foreclosures through"

Watch it below and consider a call or email to your member of Congress about it.

Also, please share your thoughts and observations below.

Mnuchin graphic by DonkeyHotey via Creative Commons license.


Do you like this post?
Tweet

Be the first to comment



    Review the site rules








or sign in with Facebook or email.
Follow @NewsHounds on Twitter
Subscribe with RSS


We’ve updated our Privacy Policy
Sign in with Facebook, Twitter or email.
Created with NationBuilder