Senator Orin Hatch suspended the Finance Committee’s rules, allowing members to vote on Mnuchin without Democrats present.
“I think as you all can appreciate, filling out these government forms is quite complicated,” Mnuchin explained to senators.
“We did everything the bank asked. They lied to us and took our home anyway,” said Linda Fraser, referring to the OneWest bank that Mnuchin owned until two years ago.
Democrats are hoping to defeat at least one of the president-elect’s choices for the Cabinet, and Mnuchin could be at the top of the list.
If filings are correct, Mnuchin is worth upward of $150 million, a hefty sum but certainly not the largest in Trump’s cabinet of billionaires and corporate executives.
OneWest (originally IndyMac), which Mnuchin bought in 2009 and sold in 2015, already was facing scrutiny for its foreclosure practices.
“Tell Senator Flake to vote ‘No’ on Mnuchin. We need a Treasury Secretary who will help us, not himself.”
Here are six facts about Steve Mnuchin, Donald Trump’s finance maven and Treasury secretary.
Rumored to be a top pick for Treasury Secretary in a new Clinton administration, she is raising concerns among many lefties who see her as too corporate and not committed enough to progressive economic ideas.
The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations.