Senate confirms former Goldman Sachs banker Steve Mnuchin as

>Truman said Mnuchin's hardest job would be managing a sprawling tax reform effort with Congress that seeks to slash business tax rates and enact a new border tax adjustment system aimed at boosting U.S. exports. He noted that was a longer-term project.

>Mnuchin, 54, will quickly need to build a core management team to handle such challenges.

>Treasury and White House representatives did not respond to requests for comment on Monday on reports that Trump would soon nominate David Malpass, a former economist at failed Wall Street bank Bear Stearns, as Treasury undersecretary for international affairs, the agency's top economic diplomacy job.

>Malpass, a Trump campaign adviser who had been leading Treasury transition efforts, was seen as a leading candidate for the job, with experience from international economic posts in the Ronald Reagan and George H.W. Bush administrations.

>Other names that have been floated for senior posts include Goldman Sachs banker Jim Donovan for deputy Treasury secretary and Justin Muzinich, a former Morgan Stanley banker, for undersecretary of domestic finance.

>The Senate on Monday also unanimously confirmed David Shulkin as secretary of veterans affairs, putting the only holdover from the Obama administration in charge of the second largest federal agency. Shulkin had been in charge of the VA's sprawling health system for the past 18 months.

'The Wrong Man"

>Mnuchin, a second-generation Goldman Sachs banker who led the firm's mortgage bond trading but left the bank in 2002, has come under fire over his investor group's 2009 acquisition of another failed lender, IndyMac Bank, in a deal in which the Federal Deposit Insurance Corp agreed to absorb most of the losses on IndyMac foreclosures.

>The bank, rebranded as OneWest, subsequently foreclosed on more than 36,000 homeowners, drawing charges from Democrats and housing advocates that it was a "foreclosure machine."

>Mnuchin grew OneWest into Southern California's largest lender and sold it for $3.4 billion in 2015. He has also helped finance Hollywood blockbusters such as "Avatar," "American Sniper" and this past weekend's box office champion, "The Lego Batman Movie," which took in $55.6 million.

Yay?

GOY THAT SWAMP

>>111385
oyy yay

I can hear the swamp draining from here.

I sure hope he deregulates the banking industry, God knows that would end well

(((DRAIN))) THAT SWAMP

>>111351
>Congress that seeks to slash business tax rates and enact a new border tax adjustment system aimed at boosting U.S. exports. He noted that was a longer-term project
Just let 4 years be over already

>>111880
8 years. Then we're going to elect each of his children, including Baron.

>>111900
>we're
I, for one, plan on voting for Kanye.

>>111903
Well Kanye would have voted Trump, if he voted.

He even died his hair blonde.

>http://www.dailymail.co.uk/tvshowbiz/article-4215392/Kanye-West-bleaches-hair-deleting-Trump-tweets.html

What's wrong with him working at Goldman Sachs? Why do people have such a fucking hard-on for Goldman Sachs, they're a prestigious company and to work for them requires one to be very smart and very hard working. It's like people just start tremulating with fear whenever the G word is uttered.

Most people who study an economic/financial or mathematical discipline go into investment banking, it's a very common route out of college/university. Goldman Sachs is a bulge bracket and suck up a large proportion of the uni graduates

It's not a secret spoopy devil worshipping child sacrificing club to work at a merchant bank, it's just a fucking job

>>111906
What's wrong with him being a dingo? Why do people have such a fucking hard-on for dingos, they're a hardy predator and to live in the outback requires them to be very smart and very hard working. It's like people just start tremulating with fear for their babies whenever the D word is uttered.

>>111906
They and other major banks were largely responsible for the 2008 financial crisis, and it doesn't really ease people's fears that Trump is eliminating the safeguards meant to prevent the banks from doing the same fucking thing again.

>>111906
This godawful bait would only work for people who were too young to pay attention to the news in 2008. So I guess you'd still convince most of /pol/

>>111906
Because when you had someone who was just serving as an executive in the same industry he's charged with regulating for the working class, that brings up the prospect of a conflict of interests. And that seems to be a running theme in Trump's picks, with not much justification given. Especially when that industry was banking and the particular company was Goldman Sachs. We just had a major recession due in part to banks gambling against toxic mortgages. He's also known to have made a business out of foreclosing on people's homes. Sometimes homes have to be foreclosed upon; it's just that he oversaw foreclosures on clients at a discomforting frequency.

Well that settles it, Im investing all my money in the USA, said no one ever again.

>>111350
>people vote for corperate clown
>promises to drain the swamp
>he makes horrible staffpicks
>creates entierly new swamp

who would have thought that somone with industrial intrests is bad at politics :^)

>>111988
gubmint intentionally engineered the housing bubble in accordance with keynesian economics, goldman sachs didn't do shit

>>112049
HILARIOUS.

*** You must be atleast 18 years old to use this site ***

>>112091
But he's correct.

They may not have intentionally created the bubble, but without government interference the environment that caused the housing crisis would not have come to pass. These are the facts.

http://www.forbes.com/sites/georgeleef/2014/01/10/one-bad-law-usually-leads-to-others-the-housing-bubble-and-dodd-frank/#32e938a0281e
http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6
https://spectator.org/42211_true-origins-financial-crisis/
https://cei.org/blog/clinton-pressure-promote-affordable-housing-led-mortgage-meltdown

>>112049
You know fuck all
During Clinton presidency, Treasury stacked with Goldman Sachs people, esp Secretary Larry "I'm Fucker" Summers.
Convinced Clinton to repeal Glass-Steagall Act, that had protected the US (and the world's) economy for sixty odd years.
End result? 2008 global financial crisis. Fucked up housing market, shitty financial trading, job loses, business closures etc

But the ex-Goldman Sachs fuckers were ok and no one held them accountable.

>gubmint intentionally engineered the housing bubble
go be a douche somewhere else

>>112096
See facts in >>112096

Affordable Housing Act home slice.

>>112097
>forbes.com
>spectator.org
>cei.org
Those aren't facts, it's spin from right wing blogs and thinktanks.

>>112153
>anything and everything that doesn't fit in my incredibly narrow mindset are not facts since they don't fit my current "spectrum of knowledge"

>>112153
>right wing think tanks

?????????????????????? lol

>>112156
If that thought process can allow a man to become the leader of the free world, it's got to have some merit, right?