Mnuchin Deflects Democratic Attack by Defending OneWest Record
- Treasury secretary pick counters criticism at Senate hearing
- Says outcome would be worse if he hadn’t bought failing lender
Mnuchin Set to Defend OneWest Record at Hearing
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Steven Mnuchin, nominated by President-elect Donald Trump for Treasury secretary, defended his record as an owner of a mortgage lender that was accused of unfair loan and foreclosure practices during the financial crisis.
“Since I was first nominated to serve as Treasury secretary, I have been maligned as taking advantage of others’ hardships in order to earn a buck,” Mnuchin said in prepared remarks for his Senate Finance Committee confirmation hearing on Thursday obtained by Bloomberg.