Mnuchin Made Millions After Foreclosures
Politics 

Mnuchin Made Millions After Foreclosures

While earning the ire of consumer advocates, Steven Mnuchin also brings an understanding of the global mortgage market that Donald Trump will need. | Getty Donald Trump wasn’t the only person to see opportunity in the 2008 housing collapse. As the economy recovered from the rubble of failed banks, foreclosed homes and government bailouts, Steven Mnuchin emerged a winner. That success is coming back to haunt the hedge fund manager and Hollywood producer who is Trump’s choice for Treasury secretary. OneWest, a bank Mnuchin and his partners established during the collapse, has taken steady fire from regulators and consumer advocates for myriad failures ever since.
http://www.politico.com/story/2016/12/trump-treasury-foreclosed-homes-mnuchin-232038

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