David Dayen at The Nation:Ross and Mnuchin—Profiteers of the Great Foreclosure Machine—Go to Washington

Livinglies's Weblog

https://www.thenation.com/article/wilbur-ross-and-steve-mnuchin-profiteers-of-the-great-foreclosure-machine-go-to-washington/

In my book Chain of Title, I refer to the collection of lenders, mortgage-servicing companies, third-party document processors, foreclosure-mill law firms, and trustee banks as all part of the Great Foreclosure Machine. I’m now realizing I should have trademarked the phrase, because Donald Trump just picked two engineers of that machine to serve in his cabinet.

Yes, I said two. Most in liberal circles and on Capitol Hill are buzzing about Steve Mnuchin, chosen as Treasury secretary. And that’s with good reason; he is in fact despicable, the “Forrest Gump of the financial crisis,” as Elizabeth Warren put it, ever-present for every assault on homeowners. People keep bringing up Mnuchin’s 17 years at Goldman Sachs, following in the footsteps of his dad, also a partner there. But that may be the least distressing part of his résumé, depending on what you thought of Suicide…

View original post 1,374 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s