On the recordNovember 15, 2017
Mr. President, I thank the Senator from Ohio for his leadership in impressing on the American people to take a look at Mr. Otting, who has been named to be the head of the OCC. I rise and join my voice with his in saying that this is a bad nomination for America. Donald Trump promised during his inaugural address to fight for the ``forgotten men and women of our country.'' Yet, even before his bags were unpacked at the White House, he started bringing Wall Street to Washington, importing the worst of the worst bankers who had gambled away the economy, putting them in charge of regulating the same companies they once worked for. It is a long list. It is the former Goldman Sachs president, Gary Cohn, to lead the National Economic Council and Wall Street fat cat Wilbur Ross to lead the Commerce Department. Randal Quarles went straight from his private equity fund to the Federal Reserve, where he is now responsible for regulating our biggest banks. Maybe the most important and most ridiculous of all of the Wall Street imports is Treasury Secretary Steven Mnuchin. Mnuchin spent 17 years at Goldman Sachs. As the financial crisis was sweeping across the country, Mnuchin organized a team of billionaires to purchase IndyMac Bank out of Federal receivership. He rebranded the bank as OneWest and put himself in charge. Then Mr. Mnuchin and OneWest acted swiftly and decisively to boot more than 36,000 families out of their homes all over the country.…





