Steve Mnuchin specialized in fraudulent foreclosures during the heart of the Great Recession. Power to the people.
New Republic | May 9, 2016 Donald Trump’s first major staff selection since securing the Republican nomination, national finance chairman Steven Mnuchin, co-founded and manages the hedge fund Dune Capital. Not only did he make partner at Goldman Sachs, so did his father in the 1960s. With over 30 years of experience at the top levels of finance, Mnuchin was present for every recent major banking innovation, including those that brought the country to the brink of economic collapse.
Critics have raised many questions about Mnuchin’s financial dealings, from a lawsuit over pocketing profits in the Bernie Madoff case to his suspiciously quiet exit from the Hollywood production company Relativity Media just before it took huge losses and filed for bankruptcy. Just his association with “vampire squid” Goldman Sachs has motivated some anger. But another part of Mnuchin’s history is more relevant: his chairmanship of OneWest Bank, a major cog in America’s relentless foreclosure machine.
Even among the many bad actors in the national foreclosure crisis, OneWest stood out. It routinely jumped to foreclosure rather than pursue options to keep borrowers in their homes; used fabricated and “robo-signed” documents to secure the evictions; and had a particular talent for dispossessing the homes of senior citizens and people of color. Read more here.
Attorneys at Jeffrey Jackson & Associates, LLP are against Donald Trump and his Wall Street insiders.