Sanders, Warren, and Merkley Label Trump's U.S. Treasury Nominee "Foreclosure King"
Senate Democrats seek complaints about Mnuchin, the so-called ‘foreclosure king’
Robert Schroeder
Market Watch
Senate Democrats are asking members of the public for complaints about Donald Trump’s choice to lead the U.S. Treasury, in a move that reveals how much they plan to focus on his involvement with a failed subprime mortgage lender.
Mnuchin’s involvement with OneWest has already come under fire. Even before Trump formally tapped Mnuchin for the Treasury job, the California Reinvestment Coalition, an advocacy group, was blasting his expected selection and said the bank has foreclosed on more than 36,000 families in California alone. The group said it expected families “who lost their homes at the hands of OneWest” will want to share their experiences with lawmakers.
Now Democrats are asking for just that. The site asks Americans “to share their personal stories of being impacted by the ‘Foreclosure King’ Steve Mnuchin.” It was announced by Sens. Jeff Merkley of Oregon, Bernie Sanders of Vermont and Elizabeth Warren of Massachusetts.
“This man has engaged in the worst kinds of practices on Wall Street and directly hurt thousands of working families,” said Warren. “And now, Donald Trump wants to literally hand him the keys to the Treasury where he can make big banks even richer at the expense of America’s families.”
The website can be found
here.