Big Short II: Trump Picks Foreclosure King Mnuchin for Treasury Secretary

Mr. Barofsky, former SIGTARP, writes early on that “I had no idea that the U.S. government had been captured by the banks,” and at another point describes his strategy to use the press to get the attention of Congress, and by extension an obstreperous Treasury: “Our message was simple: Treasury’s desperate attempt to bail out Wall Street was setting the country up for potentially catastrophic losses.”””

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http://www.thedailybeast.com/articles/2016/11/29/trump-picks-foreclosure-king-mnuchin-for-treasury-secretary.html

Big Short II

Five years ago, foreclosed homeowners protested on the lawn of Steve Mnuchin’s Bel-Air mansion for his company’s ‘repulsive’ practices. Now he’ll be Trump’s secretary of the Treasury.

After an effort to purge lobbyists from his quickly arranged transition team, President-elect Donald Trump, who campaigned on a “drain the swamp” message, is set to promote another swamp-dweller to a high-ranking position in his administration.

Trump is set to announce that Steven Mnuchin will be his Treasury secretary, per a recommendation from his own transition team, the Associated Press reports.

Mnuchin served as Trump’s national finance chairman during the campaign after a long history in private investment banking and on Wall Street. Like Trump himself, Mnuchin was a donor to Hillary Clinton in prior campaigns. According to filings from the Federal Election Commission, he has contributed more than $8,000 to Clinton since 2000.

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