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Mnuchin Courts Goldman Advisers to Oversee $200 Billion Bailout

  • Treasury chief using Paulson, Geithner crisis-era playbooks
  • Mnuchin needs advisers to assist in vast spending programs
Steven Mnuchin
Steven MnuchinPhotographer: Sarah Silbiger/Bloomberg

U.S Treasury Secretary Steven Mnuchin is seeking to tap executives from Goldman Sachs Group Inc. and other Wall Street firms to help oversee more than $200 billion in bailout packages that the Trump administration is proposing to ease the economic damage of the coronavirus outbreak, people familiar with the matter said.

Mnuchin’s team is considering executives with broad experience to help administer loans to airlines, hotels and other industries suffering as the virus shuts down parts of the economy, the people said. The government is also considering taking equity stakes in some companies in exchange for aid, a program that financiers and bankers could administer.