Trump names Goldman-Sachs financier (((Steve Mnuchin))) as Treasury Secretary

Posted by DanielS on Wednesday, 30 November 2016 10:51.

As Trump shows his right wing and Jewish-collaborative colors the dubiousness of White Nationalist support is highlighted.

Mnuchin led the 2009 mortgage bailout of failed subprime mortgage lender IndyMac, now known as One West - the bank received 900 million in federal bail-out money.

Minuchin helped back the construction of Trump International Hotel in Chicago. Trump later sued him to secure more favorable terms.

Minuchin also has interests in the film industry.

Minuchin donated to both Republicans and Democrats in the past, including to Hillary Clinton’s 2008 presidential campaign.

Washington Post, “Trump expected to name financier Steve Mnuchin to Treasury”, 29 Nov 2016:

President-elect Donald Trump is planning to name investor and former Goldman Sachs executive Steven Mnuchin as treasury secretary, opting for an industry insider with no government experience to helm the agency in charge of the nation’s finances, according to people familiar with the matter.

Mnuchin (pronounced mah-NEW-chin) joined Trump’s whirlwind campaign in May as finance chairman, despite the fact that he had never worked in politics and that he had donated to Democrats in the past. He quickly earned Trump’s trust as he worked closely with the Republican National Committee to raise substantial amounts of money in a short period. On policy issues, he was instrumental in crafting the details of Trump’s proposal to overhaul the tax code.

“He’s an expert on finance issues,” said Stephen Moore, who worked with Mnuchin as an adviser to the president-elect on the campaign trail. “He clearly, like Donald Trump, understands that the number one goal for this administration is going to be to grow the economy and get jobs.”

The president-elect scored an early victory Tuesday night when air-conditioning manufacturer Carrier announced that it would reverse plans to move one of its factories from Indiana to Mexico. The company, which is owned by United Technologies, said about 1,000 U.S. jobs would be preserved.

Trump’s tough talk on trade during his campaign helped cement his populist appeal. But Trump — a real estate developer famous for his flashy style — appears to be staffing his Cabinet with advisers who also have amassed extraordinary wealth. Trump is expected to nominate industrialist billionaire Wilbur Ross to lead the Commerce Department, and Michigan billionaire Betsy DeVos was named as Trump’s pick for education secretary last week.

Wallsreet Journal, “Treasury Pick Steven Mnuchin Bet on Donald Trump and Won”, 29 Nov 2016:

Former Goldman Sachs executive turned Hollywood financier was Trump’s campaign finance chairman

Tags: Business & Industry, Economics & Finance, Far Right, Global Elitism, Jewish Diaspora, That Question Again, The American right, U.S. Politics, World Affairs

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Posted by Treasury Secretaries & Affiliations on Wed, 30 Nov 2016 12:03 | #

Zero Hedge, 29 Nov 2016:

Steve Mnuchin Selected by Trump for Treasury Secretary, a Look at Previous Secretaries and Affiliations

Trump selected Steve Mnuchin to be the next Treasury Secretary. Steve is a Goldman man. What else is new? Let’s have a look at the recent men who’ve filled this role in government and their affiliations.

Steve Mnuchin: Parter at Goldman Sachs, Yale, Dad worked for Goldman for three decades, brief gig at Soros hedge fund, Hollywood producer.

Jack Lew: COO of Citi prop trading unit that correctly bet on housing collapse in 2008, Harvard, Council on Foreign Relations.

Hank Paulson: Former CEO of Goldman Sachs, Dartmouth, worked at Pentagon and in Nixon administration.

John Snow: Former CEO of CSX, Chairman Cerberus Capital Management, served under several administrations and shilled on a sundry of boards.

Paul O’Neil: Former CEO of Alcoa, Member of Carnegie Mellon University’s dean’s advisory council.

Larry Summers: Former President of Harvard, managing partner at DE Shaw, Chief Economist at the World Bank.

Robert Rubin: 26 Years at Goldman Sachs, London School of Economics, Yale, Co-Chair of the Council on Foreign Relations, Chair of Citi.

Lloyd Bentsen: University of Texas, WW2 Vet, promoted to Lt. Col and discharged in 1947, wanted to Nuke N. Korea, served on board of Lockheed Martin, helped convince republicans to pass NAFTA while serving under Clinton.

Nice group of guys.

Content originally generated at iBankCoin.com

Posted by Foreclosure Factory on Thu, 01 Dec 2016 23:47 | #

Foreclosure Factory

Posted by Kumiko Oumae on Fri, 02 Dec 2016 11:16 | #

Donald J. Trump is undertaking an ambitious attempt to drain the swamp. He’s draining it into his cabinet.

Posted by Mnuchin wanted $25k per hr gov jet for honeymoon on Mon, 02 Oct 2017 17:19 | #

Vanity Fair, “Mnuchin Asked to Use $25,000/Hour Government Jet for His Honeymoon”, 14 Sept 2017:

The Treasury secretary wanted a taxpayer-funded plane to charter him and his wife to France, Italy, and Scotland.

even Mnuchin is a very rich man. Prior to becoming Donald Trump’s Treasury secretary, he was a partner at Goldman Sachs, started a hedge fund named for a spot near his house in the Hamptons, and ran OneWest, a mortgage lender that foreclosed on more than 36,000 homeowners during Mnuchin’s tenure. Despite failing to mention about nine-figures of assets on his financial disclosure forms, his net worth is estimated to be at least $300 million. So, naturally, he thought the government should provide him with a plane for his European honeymoon with new jewel-encrusted wife Louise Linton, Washington’s very own Marie Antoinette.

ABC News reports that Mnuchin requested a federal government jets for his and Linton’s getaway to France, Italy, and Scotland this summer. According to an Air Force spokesman, a U.S. Air Force jet typically costs around $25,000 an hour to operate, whereas two roundtrip tickets from D.C. to Paris—first class, of course—during the height of the tourist season, would set you back about half that. Shockingly, Mnuchin’s request was denied. “You don’t need a giant rulebook of government requirements to just say yourself, ‘This is common sense, it’s wrong,’” Senator Ron Wyden told ABC. “That’s just slap your forehead stuff.”

A senior Treasury official told ABC News that military planes, usually reserved for Cabinet members whose jobs deal directly with national security, would be used by a Treasury secretary only in “extreme” circumstances, like if the secretary needed to meet with the president in D.C. immediately. A former Treasury official who worked with Jack Lew said it would have been “exceedingly rare” for Mnuchin’s predecessor to use a government plane even for official business. And for private travel? “There’s not a chance in hell that Secretary Lew would have considered using military air.”

Mnuchin’s request to, essentially, make taxpayers help fund his honeymoon, comes on the heels of another aircraft imbroglio. Obviously, we are referring to the #daytrip to Lexington, Kentucky, that Linton posted about on Instagram, hashtagging the many designer items she wore for the getaway, which inspired some snark from her followers and led to 2017’s least self-aware social-media meltdown. (Linton later apologized for the episode while wearing a series of ball gowns.) “Aw!!! Did you think this was a personal trip?! Adorable!” Linton wrote in response to a commenter who called her “deplorable” for her gaudy display of wealth while disembarking a government plane. “Did you think the US govt paid for our honeymoon or personal travel?! Lololol.”

The answer, we now know, is no, but not because Mnuchin didn’t try.

Vanity Fair, “Mnuchin’s Wife Goes Full Marie Antoinette in Instagram Meltdown”, 22 Aug 2017:

The millionaire wife of the millionaire Treasury secretary bragged about how much they pay in taxes and accused a critic of being “adorably out of touch.”

Posted by Mnuchin linked to Epstein on Thu, 19 Sep 2019 03:41 | #

Yahoo News, 17 Sept 2019:

Treasury Secretary Steven Mnuchin is the 3rd Trump administration member linked to Jeffrey Epstein or associate