Trump Treasury pick made millions after his bank foreclosed on homeowners

[workinclasszero]

Trump Treasury pick made millions after his bank foreclosed on homeowners
Steven Mnuchin's OneWest filed to take a 90-year-old woman's house after a 27-cent payment error.
By LORRAINE WOELLERT 12/01/16 05:14 AM EST

Donald Trump wasn’t the only person to see opportunity in the 2008 housing collapse. As the economy recovered from the rubble of failed banks, foreclosed homes and government bailouts, Steven Mnuchin emerged a winner.

That success is coming back to haunt the hedge fund manager and Hollywood producer who is Trump’s choice for Treasury secretary. OneWest, a bank Mnuchin and his partners established during the collapse, has taken steady fire from regulators and consumer advocates for myriad failures ever since.

In Florida, the company foreclosed on a 90-year-old woman after a 27-cent payment error. New York Gov. Andrew Cuomo singled out the lender for squeezing Superstorm Sandy victims. Last month, the company’s successor, CIT Bank, was accused of discriminating against minority borrowers.

http://www.politico.com/story/2016/12/trump-treasury-foreclosed-homes-mnuchin-232038

[Lanius]

1. So much for being a populist and change candidate

Just more of the same. I wonder if rubes feel cheated yet?

[workinclasszero]

2. "Steven Mnuchin's OneWest filed to take a 90-year-old woman's house after a 27-cent payment error."

Yep Dump is sure draining that swamp in Washington DC alright.

The idiot deplorables know not what they did electing that snake but they will soon find out!

[pansypoo53219]

3. baksters being thieving weasels. i am shocked. SHOCKED.