Especially the "King of Foreclosures" as our new Sec of Treasury, Steve Mnuchin!
"Let me be clear: My group had nothing to do with the creation of risky loans in the IndyMac loan portfolios," Mnuchin said, noting the buyers invested $1.6 billion in the bank. "We renamed the business OneWest bank and saved thousands of jobs."
But he did acknowledge the bank engaged in some controversial practices. During a testy round of questioning from Brown, where the senator called him "defensive," Mnuchin didn't deny that an independent audit of OneWest found it violated the Service Members Civil Relief Act by initiating foreclosures on active duty military families.
"Let me be clear: My group had nothing to do with the creation of risky loans in the IndyMac loan portfolios," Mnuchin said, noting the buyers invested $1.6 billion in the bank. "We renamed the business OneWest bank and saved thousands of jobs."
But he did acknowledge the bank engaged in some controversial practices. During a testy round of questioning from Brown, where the senator called him "defensive," Mnuchin didn't deny that an independent audit of OneWest found it violated the Service Members Civil Relief Act by initiating foreclosures on active duty military families.