6 May 2016 2:21 pm
Rachel Maddow had a very interesting segment on her show last night about how Steven Mnuchin purchased the failed IndyMac Bank for pocket change and made a killing, while we taxpayers footed the bill to the tune of 13 billion dollars.Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman
In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs.
Trump announced that heading up his own personal fundraising operation as national finance chairman will be Steven Mnuchin, a long-time business associate, chairman and CEO of the hedge fund Dune Capital.
More importantly, however, he spent 17 years at Goldman Sachs where he was most recently a Partner, having built a fortung of $46 million before launching his own hedge fund.
While employed at Goldman, he purchased the remains of IndyMac Bank (now known as OneWest Bank), the Pasadena, California-based mortgage lender that collapsed in 2008.
"Notoriously press-shy, the executive endured 2011 protests on the lawn of his Bel Air mansion by foreclosed homeowners angered at his lender's handling of soured mortgages."
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These are the kind of people that Drumpf is surrounding himself with.
Billionaires like him who game the system for profit.