The recent hearing on the nomination of Steven Mnuchin for secretary of the Treasury Department revealed a man unable or unwilling to provide many additional facts about his controversial history running OneWest Bank.
Mnuchin said in his Senate confirmation hearing that he was proud of his work, but the facts show there’s little to admire about Mnuchin’s tenure, but much doubt about his ability to be a good Treasury secretary.
Mnuchin purchased the loans of struggling homeowners at an enormous discount, with the benefit of billions of dollars in government backstops.
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