In a joint statement, Bernie Sanders and Elizabeth Warren scorch Trump’s Treasury secretary as ‘hypocrisy at its worst’
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Daily Archives: November 30, 2016
[video] Treasury secretary nominee Steve Mnuchin: Undoing Dodd-Frank “top priority”
In an interview with CNBC (video below) on Wednesday that also included Commerce Secretary nominee Wilbur Ross, Mnuchin revealed his thoughts on the Dodd-Frank Wall Street Reform Act.
The act is already in the spotlight right now since shortly after Trump became president-elect, he released a plan to dismantle Dodd-Frank.
During the interview, Mnuchin said, “The No. 1 problem with Dodd-Frank is it is way too complicated and it cuts back lending.”
“We want to strip back parts of Dodd-Frank that prevent banks from lending and that will be the No. 1 priority on the regulatory side,” he told CNBC.
Trump’s Potential Treasury Secretary Headed A ‘Foreclosure Machine’
Big Short II: Trump Picks Foreclosure King Mnuchin for Treasury Secretary
Mr. Barofsky, former SIGTARP, writes early on that “I had no idea that the U.S. government had been captured by the banks,” and at another point describes his strategy to use the press to get the attention of Congress, and by extension an obstreperous Treasury: “Our message was simple: Treasury’s desperate attempt to bail out Wall Street was setting the country up for potentially catastrophic losses.”””
Deadly Clear 