Feb. 13, 2017
Senators Who Opposed Trump’s Mnuchin Pick Upheld the Public’s Trust by Voting Against a Wall Street Nominee Who Is Unfit to Lead Treasury
Statement of Bartlett Naylor, Financial Policy Advocate, Public Citizen’s Congress Watch
Note: The United States Senate voted tonight to approve Steven Mnuchin, President Donald Trump’s nominee for U.S. treasury secretary. Although he was approved, Mnuchin’s confirmation process was anything but smooth. Senators who opposed his nomination continue to question his record as CEO of OneWest Bank, which has been accused of lending discrimination and unfair foreclosure practices:
Public Citizen applauds senators who agree that any nominee to be U.S. Treasury secretary should bring a prestigious record of achievement to this vital position of public trust. We also agree that Washington, D.C., is already overrun by Wall Street cronies and by Goldman Sachs alumni in particular. We will continue to work with those senators who vote to disparage profiteering through widespread abuse of foreclosure on thousands of families, and those who insist that testimony before the Senate cannot be untruthful, and that when it is, that counts as perjury.
In opposing Mnuchin, these laudable senators did their job. From taxes to regulating Wall Street, these senators rightly questioned whether Mr. Mnuchin’s agenda will help average Americans or affluent hedge fund investors, and even whether these policies are rooted in alternate facts.