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<blockquote data-quote="rickyb" data-source="post: 2503713" data-attributes="member: 56035"><p>filling the swamp with more swamp. from democracy now:</p><p></p><p>President-elect Donald Trump has announced a handful of new Cabinet picks. On Tuesday, he named billionaire Steven Mnuchin to be treasury secretary. Mnuchin has deep ties on Wall Street, including working as a partner for Goldman Sachs, where his father also worked. Mnuchin’s hedge fund also played a role in the housing crisis, after it scooped up the failing California bank IndyMac in 2008. Under Mnuchin’s ownership, <strong>IndyMac foreclosed on 36,000 families, particularly elderly residents</strong> trapped in reverse mortgages. Mnuchin was accused of running a<strong> "foreclosure machine.</strong>" The bank, which was renamed OneWest, was also accused of <strong>racially discriminatory lending practices</strong>. In 2015, Mnuchin sold the bank for $3.4 billion—$1.8 billion more than he bought it for."</p><p></p><p>and more swamp filling:</p><p></p><p>"</p><p>Trump has also reportedly picked billionaire private equity investor Wilbur Ross to be commerce secretary. Ross specializes in flipping bankrupt companies for profit, often buying the U.S. companies at low prices and then selling them to overseas investors. <strong>He and his companies have sometimes shipped jobs and factories overseas</strong>—practices Donald Trump has railed against."</p><p></p><p>so theres continuity between trump and previous presidents. money talks.</p></blockquote><p></p>
[QUOTE="rickyb, post: 2503713, member: 56035"] filling the swamp with more swamp. from democracy now: President-elect Donald Trump has announced a handful of new Cabinet picks. On Tuesday, he named billionaire Steven Mnuchin to be treasury secretary. Mnuchin has deep ties on Wall Street, including working as a partner for Goldman Sachs, where his father also worked. Mnuchin’s hedge fund also played a role in the housing crisis, after it scooped up the failing California bank IndyMac in 2008. Under Mnuchin’s ownership, [B]IndyMac foreclosed on 36,000 families, particularly elderly residents[/B] trapped in reverse mortgages. Mnuchin was accused of running a[B] "foreclosure machine.[/B]" The bank, which was renamed OneWest, was also accused of [B]racially discriminatory lending practices[/B]. In 2015, Mnuchin sold the bank for $3.4 billion—$1.8 billion more than he bought it for." and more swamp filling: " Trump has also reportedly picked billionaire private equity investor Wilbur Ross to be commerce secretary. Ross specializes in flipping bankrupt companies for profit, often buying the U.S. companies at low prices and then selling them to overseas investors. [B]He and his companies have sometimes shipped jobs and factories overseas[/B]—practices Donald Trump has railed against." so theres continuity between trump and previous presidents. money talks. [/QUOTE]
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