On the recordFebruary 13, 2017
I rise today to speak in opposition to President Trump's nominee to serve as Secretary of the Treasury, Steve Mnuchin. From his days at Goldman Sachs, on the frontlines of developing the very products that brought our economy to its knees, to his reign as chairman of OneWest Bank, quantified by tens of thousands of foreclosures and qualified by years of despair, to his plan to get rich off cash-strapped seniors, to his investments in Sears that stripped pension benefits from low-wage-earners, Mr. Mnuchin made a career out of exploiting the financial turmoil of hard-working American families, never once stopping to consider the impacts of his profiteering on the people of this country. At every step of the way, Mr. Mnuchin's mantra has been to privatize profits and socialize losses. While our President spent much of his campaign railing against Goldman Sachs and Wall Street's stranglehold on Washington, it should be lost on no one that Wall Street has the majority vote in this administration. With friends like Mr. Mnuchin and Gary Cohn in high places, the country's largest and most complex financial institutions can rest easy, knowing this administration is firmly committed to their bottom lines. As Treasury Secretary, Mr. Mnuchin will be a chief architect of the GOP's ``Wall Street First'' policy. Despite his self-described humble beginnings at Goldman Sachs in the 1980s, Mr.…
Source
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