Posted on 11/30/2016 10:22:52 AM PST by SeekAndFind
It appears Elizabeth Warren does not think too highly of President-elect Donald Trump's nomination of Steven Mnuchin for Treasury secretary.
In a statement, the Massachusetts senator said Mnuchin was involved in the worst kind of lending practices that led to the financial crisis during his time as head of mortgage lending at Goldman Sachs.
"Steve Mnuchin is the Forrest Gump of the financial crisis — he managed to participate in all the worst practices on Wall Street," Warren said in a statement, according to Politico's Ben White.
"He spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money before he moved on to run a bank that was infamous for aggressively foreclosing on families."
Warren's comparison of Mnuchin is to the 1994 Oscar-winning film Forrest Gump, in which Tom Hanks stumbles in and out of historical moments from the 1960s onwards as the eponymous Forrest.
Mnuchin worked at Goldman Sachs for 17 years and left the bank in 2002. During his time he oversaw the mortgage-lending department as it delved into such products as credit default swaps and collateralized debt obligations.
He later founded his own private-equity firm, Dune Capital Management, which in 2009 purchased the distressed-mortgage lender IndyMac, which was renamed OneWest. The firm and Mnuchin have been accused of unfair lending practices including discriminating against minority borrowers and aggressive foreclosures.
(Excerpt) Read more at businessinsider.com ...
From the Forrest Gump of Democrats.
Excellent endorsement. This Mnuchin guy must be good!
Didn’t she make a fortune off of buying foreclosed houses in Oklahoma?
So now they are making fun of mentally handicapped people?
BTW: Forest Gump led a very successful life through hard work, perseverance and solid moral character.
This from a woman who made MILLIONS from the sub prime mortgage crisis..Hey Lizzie, can I come live in your teepee..I mean 8 million dollar mansion you have in Massachusetts
Hey squaw. Go fits me a sammich.
> Didn’t she make a fortune off of buying foreclosed houses in Oklahoma?
Yep.
Flipping foreclosures was very lucrative for Lizardbreath Spreading Bull.
Stupid is as Stupid does there Squaw.
Ms Warren is back doing one of her favorite activites; tearing someone’s reputation apart, and slamming their ‘evil’ motivations. What else can she do other than attack people?
Oh, I know. She can bore them silly with failed socialist bromides.
Did Elizabeth Warren crown herself Big Chief of the Demo Party ?
We saw the hearings. Mad Maxine told us what a fine job Raines was doing at FNMA. The Dems stood in the way of reform and lenders were forced by the govt to make bad loans because of “discrimination” against those who had no down payment and could really not afford monthly payments. Gee, how could that lead to a crisis.
And then they made deals with people and wrote down a huge amount of debt while those of us who fulfilled our obligations got no benefits.
The Dems latest desire is for loan qualifying to include anyone living in the house, even if it is a non-relative renting a room.
Did Elizabeth Warren crown herself Big Chief of the Demo Party ?
She is going to run against Trump in 2020 and the debates will be worthy of pay-per-view.
Did the great, white buffalo tell her this?
Before we go off and dump on Warren (richly deserved usually)....is this true that this is the guy who created the bundles that started the 2008 economic downturn? Simple yes or no. If this guy planned out the bundles...he is the exact wrong guy for this job. I’d like to hear from some financial experts who know the guy’s past.
That makes no sense whatsoever.
Warren is 15/16 twit.
Pocahontas is a living cartoon
“Aggressively foreclosing on families”...
She is a carpetbagger..This asshole and her husband flew out to Oklahoma during the meltdown, bought/flipped foreclosed properties by the bushel, and made a fortune.
Typical liberal hypocrite..Trump needs to give her the back of his hand, and soon.
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