2017-01-04 19:49:04

Trump Treasury Pick Steven Mnuchin's Former Bank Accused of Widespread Misconduct

Trump’s pick for treasury secretary, Steven Mnuchin, faces scrutiny for his role at OneWest, a bank which has been called a "foreclosure machine" that profited from the collapse of the housing market. We speak with The Intercept reporter David Dayen, who exposed a memo that reveals Mnuchin’s bank may have engaged in "widespread misconduct" while foreclosing on homeowners. It argued OneWest was guilty of a host of infractions, including backdating mortgage documents to speed up foreclosures and manipulating the results of home auctions, and urged California’s attorney general to sue the bank.

Donald Trump

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