Posted on 03/16/2024 7:13:33 PM PDT by RandFan
NEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated career of Steven Mnuchin.
The man who served as former President Donald Trump’s Treasury secretary is well connected in the world of finance, after all. From 1985 to 2002, he worked at Goldman Sachs, one of the most storied — and criticized — investment banks on Wall Street.
Mnuchin also has a history in media and entertainment. Among his Hollywood credits are “Mad Max: Fury Road” and “The Lego Movie,” where he was one of the executive producers. Think of them as much bigger-budget versions of TikTok videos.
And Mnuchin certainly has experience taking risks with troubled institutions. He famously swooped in to turn around the struggling IndyMac bank after its failure in the financial crisis of 2008.
But for critics, Mnuchin’s dealmaking also raises concerns about ethics. Robert Weissman, president of the watchdog group Public Citizen, points to TikTok in particular, where the U.S. government may force its Chinese owners to sell. Imagine something similar happening in another country, where its former finance minister ended up as the buyer, he said.
Other former Treasury secretaries have gone to Wall Street after their terms ended, including Robert Rubin, a Goldman Sachs executive who served under President Clinton. In all cases, the move carries the appearance of cashing in on their time in government, Weissman said
(Excerpt) Read more at apnews.com ...
This is their play... It explains a lot, huh?
Mnuchin is well connected.
Mnuchin is a total BAD ASS. Made tons of money in hedge funds and then decided he needed a hobby, so he produced DOZENS of movies, including The Accountant.
This has been the obvious conclusion for days. Everybody, especially Zuckerberg, wanted to ban TikTok and buy the smoking ashes cheap at the fire sale.
And what strange bedfellows. Dems and Repubs alike are all over the map in favor of or against the ban.
Even Trump has flip-flopped. First he was for the ban. Now he’s against it.
They have a lot of people doing their bidding in Congress.
Follow the money as they say
“Mnuchin is a total BAD ASS. “
Mnuchin and Pompeo discussed hitting Trump with 25th Amendment issues.
Just finished the article
Ironically Mnuchin’s fund he set up is comprised of Saudi investors.
He could therefore under the proposed law be considered foreign adversary or influenced!
“Mnuchin and Pompeo discussed hitting Trump with 25th Amendment issues.”
What a dick, didn’t know that. Still a badass regarding his career.
>First he was for the ban. Now he’s against it.
Donald has realised they can come for Truth Social and X (Elon Musk) under this broad law.
If they really want TikTok divested it would be a one line bill mentioning the company and that’s it.
Instead they’ve got this vague legislation which they’re peddling.
It’s a sham.
They’re more likely to sue - and win
It’s a major violation of rights. You might not like them but you can’t just steal stuff like that
Interesting!
However what is TikTok without the algorithm? China is not letting that go. Difficult transferring videos without it.
TikTok is banned in China they got nothing to do with it
Everything they say is a big lie
MAGA ownership, MAGA propaganda, MAGA mind control! The DC regime will really lose it over that prospect.
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