muchin 01Trump’s treasury nominee defends foreclosure practices, ties to offshore entities

 

This is a washingtonpost.com article.

 

Treasury secretary nominee Steven T. Mnuchin defended his ties to offshore business entities and his management of a controversial California bank during a testy confirmation hearing on Thursday.

Speaking before the Senate Finance committee, Mnuchin said businesses in the Cayman Islands and Anguilla revealed in his financial disclosures were not used for his personal benefit but served nonprofits and pensions. A memo compiled by Democratic committee staffers obtained by The Washington Post showed Mnuchin initially omitted some of those entities — as well as more than $100 million in personal assets — from his nomination paperwork.

Continue reading article.

PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”