#mnuchin — Public Fediverse posts

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Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary
#Steven T. #Mnuchin, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank,
thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress.

Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to #OneWest and began to aggressively foreclose on homeowners.
The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation,
even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.

Then there’s commerce secretary #Wilbur #Ross, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company,
which he later sold to Invesco for a reported $375 million.

#Reed #Cordish, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies,
involved in gaming and entertainment.
He’s said to be tight with Jared Kushner.

#Sonny #Perdue, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit,
with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder.
(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)

And, while not a rich guy himself, CIA director #Mike #Pompeo founded a private company called #Thayer #Aerospace in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries.
A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent,
but there’s no way to really know, since the transaction took place between two privately held companies.
He later became president of #Sentry #International, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers.
He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one

Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary
#Steven T. #Mnuchin, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank,
thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress.

Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to #OneWest and began to aggressively foreclose on homeowners.
The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation,
even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.

Then there’s commerce secretary #Wilbur #Ross, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company,
which he later sold to Invesco for a reported $375 million.

#Reed #Cordish, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies,
involved in gaming and entertainment.
He’s said to be tight with Jared Kushner.

#Sonny #Perdue, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit,
with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder.
(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)

And, while not a rich guy himself, CIA director #Mike #Pompeo founded a private company called #Thayer #Aerospace in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries.
A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent,
but there’s no way to really know, since the transaction took place between two privately held companies.
He later became president of #Sentry #International, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers.
He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one

Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary
#Steven T. #Mnuchin, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank,
thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress.

Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to #OneWest and began to aggressively foreclose on homeowners.
The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation,
even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.

Then there’s commerce secretary #Wilbur #Ross, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company,
which he later sold to Invesco for a reported $375 million.

#Reed #Cordish, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies,
involved in gaming and entertainment.
He’s said to be tight with Jared Kushner.

#Sonny #Perdue, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit,
with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder.
(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)

And, while not a rich guy himself, CIA director #Mike #Pompeo founded a private company called #Thayer #Aerospace in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries.
A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent,
but there’s no way to really know, since the transaction took place between two privately held companies.
He later became president of #Sentry #International, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers.
He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one

Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary
#Steven T. #Mnuchin, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank,
thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress.

Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to #OneWest and began to aggressively foreclose on homeowners.
The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation,
even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.

Then there’s commerce secretary #Wilbur #Ross, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company,
which he later sold to Invesco for a reported $375 million.

#Reed #Cordish, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies,
involved in gaming and entertainment.
He’s said to be tight with Jared Kushner.

#Sonny #Perdue, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit,
with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder.
(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)

And, while not a rich guy himself, CIA director #Mike #Pompeo founded a private company called #Thayer #Aerospace in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries.
A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent,
but there’s no way to really know, since the transaction took place between two privately held companies.
He later became president of #Sentry #International, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers.
He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one

Others in the Trump inner circle who made their fortunes via privately held ventures include treasury secretary
#Steven T. #Mnuchin, who got a great deal during the financial crisis on IndyMac, a mortgage lending bank,
thanks to our government’s penchant for the socialization of risk and privatization of profit when entities considered “too big to fail” go into a state of distress.

Mnuchin and his fellow investors, a group that included liberal donor and hedge-fund honcho George Soros, changed the company name to #OneWest and began to aggressively foreclose on homeowners.
The bank earned Mnuchin and his partners a profit of $1.6 billion in its first year of operation,
even as the Federal Deposit Insurance Corporation was preparing to take a hit of nearly $11 billion “on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank,” according to E. Scott Reckard of the Los Angeles Times.

Then there’s commerce secretary #Wilbur #Ross, worth $2.5 billion according to Forbes, who started a second career in 2000 with the creation of his eponymous investment company,
which he later sold to Invesco for a reported $375 million.

#Reed #Cordish, special assistant to the president for intragovernmental and technology initiatives, is a scion of the family that owns privately held Cordish Companies,
involved in gaming and entertainment.
He’s said to be tight with Jared Kushner.

#Sonny #Perdue, Trump’s secretary of agriculture, founded the private company Perdue Inc., a trucking outfit,
with his wife, Mary, who was reported in 2005 to be the company’s sole shareholder.
(An official at Perdue Inc. declined to confirm to The Baffler whether this is still the case.)

And, while not a rich guy himself, CIA director #Mike #Pompeo founded a private company called #Thayer #Aerospace in the late 1990s with help from Koch Venture Capital, an arm of Koch Industries.
A Pompeo aide told the Washington Post that the Koch investment amounted to only 2 percent,
but there’s no way to really know, since the transaction took place between two privately held companies.
He later became president of #Sentry #International, another private company, before his 2010 run for a seat in the U.S. House of Representatives, which he won, again with an assist from the Koch brothers.
He’s also a climate-change denier—an appealing trait in a public official if you’re a fossil fuels magnate looking to buy one

Would I be mistaken in assuming that #Mnuchin, #Trumps treasure secretary, would do the same to TikTok as Musk did to Twitter? It's flabbergasting that even Dems and President #Biden are quick to agree to ban #TikTok. https://apnews.com/article/mnuchin-tiktok-nycb-indymac-lego-movie-5527566c81a6f3d9b288bba232f55684

Would I be mistaken in assuming that #Mnuchin, #Trumps treasure secretary, would do the same to TikTok as Musk did to Twitter? It's flabbergasting that even Dems and President #Biden are quick to agree to ban #TikTok. https://apnews.com/article/mnuchin-tiktok-nycb-indymac-lego-movie-5527566c81a6f3d9b288bba232f55684

Would I be mistaken in assuming that #Mnuchin, #Trumps treasure secretary, would do the same to TikTok as Musk did to Twitter? It's flabbergasting that even Dems and President #Biden are quick to agree to ban #TikTok. https://apnews.com/article/mnuchin-tiktok-nycb-indymac-lego-movie-5527566c81a6f3d9b288bba232f55684

Would I be mistaken in assuming that #Mnuchin, #Trumps treasure secretary, would do the same to TikTok as Musk did to Twitter? It's flabbergasting that even Dems and President #Biden are quick to agree to ban #TikTok. https://apnews.com/article/mnuchin-tiktok-nycb-indymac-lego-movie-5527566c81a6f3d9b288bba232f55684

Would I be mistaken in assuming that #Mnuchin, #Trumps treasure secretary, would do the same to TikTok as Musk did to Twitter? It's flabbergasting that even Dems and President #Biden are quick to agree to ban #TikTok. https://apnews.com/article/mnuchin-tiktok-nycb-indymac-lego-movie-5527566c81a6f3d9b288bba232f55684

“Everyone wants to build a #TikTok-level #algorithm. That’s a key element of competition in… #tech …right now,” said Matt Perault, UNC prof & fmr #Facebook dir who studies tech #policy.

“…the biggest cos have thrown a lot of money & #engineering talent at that issue & have struggled to do it. If #Mnuchin thinks he can do that & succeed where…successful cos have struggled, good luck.”

Mnuchin, [is] a fmr hedge fund mngr & Hollywood producer w/no #SocialMedia experience….

#algorithms #business

“Everyone wants to build a #TikTok-level #algorithm. That’s a key element of competition in… #tech …right now,” said Matt Perault, UNC prof & fmr #Facebook dir who studies tech #policy.

“…the biggest cos have thrown a lot of money & #engineering talent at that issue & have struggled to do it. If #Mnuchin thinks he can do that & succeed where…successful cos have struggled, good luck.”

Mnuchin, [is] a fmr hedge fund mngr & Hollywood producer w/no #SocialMedia experience….

#algorithms #business

“Everyone wants to build a #TikTok-level #algorithm. That’s a key element of competition in… #tech …right now,” said Matt Perault, UNC prof & fmr #Facebook dir who studies tech #policy.

“…the biggest cos have thrown a lot of money & #engineering talent at that issue & have struggled to do it. If #Mnuchin thinks he can do that & succeed where…successful cos have struggled, good luck.”

Mnuchin, [is] a fmr hedge fund mngr & Hollywood producer w/no #SocialMedia experience….

#algorithms #business

“Everyone wants to build a #TikTok-level #algorithm. That’s a key element of competition in… #tech …right now,” said Matt Perault, UNC prof & fmr #Facebook dir who studies tech #policy.

“…the biggest cos have thrown a lot of money & #engineering talent at that issue & have struggled to do it. If #Mnuchin thinks he can do that & succeed where…successful cos have struggled, good luck.”

Mnuchin, [is] a fmr hedge fund mngr & Hollywood producer w/no #SocialMedia experience….

#algorithms #business

“Everyone wants to build a #TikTok-level #algorithm. That’s a key element of competition in… #tech …right now,” said Matt Perault, UNC prof & fmr #Facebook dir who studies tech #policy.

“…the biggest cos have thrown a lot of money & #engineering talent at that issue & have struggled to do it. If #Mnuchin thinks he can do that & succeed where…successful cos have struggled, good luck.”

Mnuchin, [is] a fmr hedge fund mngr & Hollywood producer w/no #SocialMedia experience….

#algorithms #business

Observers, & ≥1 person familiar w/the pitch, have said the idea is so far-fetched that it suggests a lack of familiarity w/how #tech companies work. #TikTok users flocked to the #app bc of its surprising suggestions for videos they might like, & there’s no guarantee any #Mnuchin-driven version could duplicate that success — or beat rivals like #Meta & #Google, who have worked for yrs to mirror the experience w/in their own respective apps, #Instagram & #YouTube.

#algorithms #SocialMedia #policy

Observers, & ≥1 person familiar w/the pitch, have said the idea is so far-fetched that it suggests a lack of familiarity w/how #tech companies work. #TikTok users flocked to the #app bc of its surprising suggestions for videos they might like, & there’s no guarantee any #Mnuchin-driven version could duplicate that success — or beat rivals like #Meta & #Google, who have worked for yrs to mirror the experience w/in their own respective apps, #Instagram & #YouTube.

#algorithms #SocialMedia #policy

Observers, & ≥1 person familiar w/the pitch, have said the idea is so far-fetched that it suggests a lack of familiarity w/how #tech companies work. #TikTok users flocked to the #app bc of its surprising suggestions for videos they might like, & there’s no guarantee any #Mnuchin-driven version could duplicate that success — or beat rivals like #Meta & #Google, who have worked for yrs to mirror the experience w/in their own respective apps, #Instagram & #YouTube.

#algorithms #SocialMedia #policy

Observers, & ≥1 person familiar w/the pitch, have said the idea is so far-fetched that it suggests a lack of familiarity w/how #tech companies work. #TikTok users flocked to the #app bc of its surprising suggestions for videos they might like, & there’s no guarantee any #Mnuchin-driven version could duplicate that success — or beat rivals like #Meta & #Google, who have worked for yrs to mirror the experience w/in their own respective apps, #Instagram & #YouTube.

#algorithms #SocialMedia #policy

Observers, & ≥1 person familiar w/the pitch, have said the idea is so far-fetched that it suggests a lack of familiarity w/how #tech companies work. #TikTok users flocked to the #app bc of its surprising suggestions for videos they might like, & there’s no guarantee any #Mnuchin-driven version could duplicate that success — or beat rivals like #Meta & #Google, who have worked for yrs to mirror the experience w/in their own respective apps, #Instagram & #YouTube.

#algorithms #SocialMedia #policy

Fmr #Trump treas sec #Mnuchin is telling investors he has a plan to buy #TikTok

Mnuchin told potential backers he aims to maneuver around its price of >$100B & #China’s ban of the export of recommendation #algorithms.

He indicated he could overcome those hurdles by offering to buy the #app w/o the export-blocked #code, essentially forcing his consortium to remake a service built on billions of lines of code.

#tech #SocialMedia #business #policy #regulation
https://www.washingtonpost.com/technology/2024/03/30/tiktok-mnuchin-sale-algorithm/

Fmr #Trump treas sec #Mnuchin is telling investors he has a plan to buy #TikTok

Mnuchin told potential backers he aims to maneuver around its price of >$100B & #China’s ban of the export of recommendation #algorithms.

He indicated he could overcome those hurdles by offering to buy the #app w/o the export-blocked #code, essentially forcing his consortium to remake a service built on billions of lines of code.

#tech #SocialMedia #business #policy #regulation
https://www.washingtonpost.com/technology/2024/03/30/tiktok-mnuchin-sale-algorithm/

Fmr #Trump treas sec #Mnuchin is telling investors he has a plan to buy #TikTok

Mnuchin told potential backers he aims to maneuver around its price of >$100B & #China’s ban of the export of recommendation #algorithms.

He indicated he could overcome those hurdles by offering to buy the #app w/o the export-blocked #code, essentially forcing his consortium to remake a service built on billions of lines of code.

#tech #SocialMedia #business #policy #regulation
https://www.washingtonpost.com/technology/2024/03/30/tiktok-mnuchin-sale-algorithm/

Fmr #Trump treas sec #Mnuchin is telling investors he has a plan to buy #TikTok

Mnuchin told potential backers he aims to maneuver around its price of >$100B & #China’s ban of the export of recommendation #algorithms.

He indicated he could overcome those hurdles by offering to buy the #app w/o the export-blocked #code, essentially forcing his consortium to remake a service built on billions of lines of code.

#tech #SocialMedia #business #policy #regulation
https://www.washingtonpost.com/technology/2024/03/30/tiktok-mnuchin-sale-algorithm/

Fmr #Trump treas sec #Mnuchin is telling investors he has a plan to buy #TikTok

Mnuchin told potential backers he aims to maneuver around its price of >$100B & #China’s ban of the export of recommendation #algorithms.

He indicated he could overcome those hurdles by offering to buy the #app w/o the export-blocked #code, essentially forcing his consortium to remake a service built on billions of lines of code.

#tech #SocialMedia #business #policy #regulation
https://www.washingtonpost.com/technology/2024/03/30/tiktok-mnuchin-sale-algorithm/

Liz Hoffman: Key senator, Ron Wyden, criticizes Mnuchin’s #TikTok bid, ties to Gulf money

"Sen. Ron Wyden, the chair of the powerful Senate Finance Committee, sharply criticized former Treasury Secretary Steven Mnuchin, and his ties to money from the Middle East, in his effort to buy TikTok from its Chinese owner.

Mnuchin told CNBC last week that he’s assembling a group of investors to buy the platform after the House overwhelmingly passed a bill forcing it to either be sold within six months or banned from app stores. The White House has urged the Senate, where the bill has powerful backers and opponents in both parties, to move quickly."

“I don’t see how America will be any more secure if the next owner of TikTok is a MAGA Trump crony backed by Saudi Arabia’s sovereign wealth fund,” Wyden told Semafor.

#Mnuchin
https://www.semafor.com/article/03/18/2024/senator-ron-wyden-criticizes-mnuchins-tiktok-bid-ties-to-gulf-money

Liz Hoffman: Key senator, Ron Wyden, criticizes Mnuchin’s #TikTok bid, ties to Gulf money

"Sen. Ron Wyden, the chair of the powerful Senate Finance Committee, sharply criticized former Treasury Secretary Steven Mnuchin, and his ties to money from the Middle East, in his effort to buy TikTok from its Chinese owner.

Mnuchin told CNBC last week that he’s assembling a group of investors to buy the platform after the House overwhelmingly passed a bill forcing it to either be sold within six months or banned from app stores. The White House has urged the Senate, where the bill has powerful backers and opponents in both parties, to move quickly."

“I don’t see how America will be any more secure if the next owner of TikTok is a MAGA Trump crony backed by Saudi Arabia’s sovereign wealth fund,” Wyden told Semafor.

#Mnuchin
https://www.semafor.com/article/03/18/2024/senator-ron-wyden-criticizes-mnuchins-tiktok-bid-ties-to-gulf-money

Liz Hoffman: Key senator, Ron Wyden, criticizes Mnuchin’s #TikTok bid, ties to Gulf money

"Sen. Ron Wyden, the chair of the powerful Senate Finance Committee, sharply criticized former Treasury Secretary Steven Mnuchin, and his ties to money from the Middle East, in his effort to buy TikTok from its Chinese owner.

Mnuchin told CNBC last week that he’s assembling a group of investors to buy the platform after the House overwhelmingly passed a bill forcing it to either be sold within six months or banned from app stores. The White House has urged the Senate, where the bill has powerful backers and opponents in both parties, to move quickly."

“I don’t see how America will be any more secure if the next owner of TikTok is a MAGA Trump crony backed by Saudi Arabia’s sovereign wealth fund,” Wyden told Semafor.

#Mnuchin
https://www.semafor.com/article/03/18/2024/senator-ron-wyden-criticizes-mnuchins-tiktok-bid-ties-to-gulf-money

Liz Hoffman: Key senator, Ron Wyden, criticizes Mnuchin’s #TikTok bid, ties to Gulf money

"Sen. Ron Wyden, the chair of the powerful Senate Finance Committee, sharply criticized former Treasury Secretary Steven Mnuchin, and his ties to money from the Middle East, in his effort to buy TikTok from its Chinese owner.

Mnuchin told CNBC last week that he’s assembling a group of investors to buy the platform after the House overwhelmingly passed a bill forcing it to either be sold within six months or banned from app stores. The White House has urged the Senate, where the bill has powerful backers and opponents in both parties, to move quickly."

“I don’t see how America will be any more secure if the next owner of TikTok is a MAGA Trump crony backed by Saudi Arabia’s sovereign wealth fund,” Wyden told Semafor.

#Mnuchin
https://www.semafor.com/article/03/18/2024/senator-ron-wyden-criticizes-mnuchins-tiktok-bid-ties-to-gulf-money

@grumpasaurus @blogdiva

Mr #Mnuchin returned to banking during the financial crisis, gathering a group of investors including hedge fund bigwigs George #Soros and John @Paulson, private equity investor Christopher #Flowers and computer mogul Michael #Dell to buy failed mortgage lender #IndyMac.

The bank, renamed #OneWest Bank, returned to financial health but it became known for quickly seizing the homes of borrowers who fell behind on their mortgage payments.

In 2009, a New York judge called OneWest's behaviour "#harsh, @repugnant, #shocking and #repulsive'' in trying to foreclose on a New York family.

OneWest said it "respectfully disagreed" with the court. Two years later, protesters marched on Mr Mnuchin's Los Angeles mansion accusing OneWest Bank of aggressive foreclosure practices.

It was sold to CIT Group in 2015 in a lucrative deal

@grumpasaurus @blogdiva

Mr #Mnuchin returned to banking during the financial crisis, gathering a group of investors including hedge fund bigwigs George #Soros and John @Paulson, private equity investor Christopher #Flowers and computer mogul Michael #Dell to buy failed mortgage lender #IndyMac.

The bank, renamed #OneWest Bank, returned to financial health but it became known for quickly seizing the homes of borrowers who fell behind on their mortgage payments.

In 2009, a New York judge called OneWest's behaviour "#harsh, @repugnant, #shocking and #repulsive'' in trying to foreclose on a New York family.

OneWest said it "respectfully disagreed" with the court. Two years later, protesters marched on Mr Mnuchin's Los Angeles mansion accusing OneWest Bank of aggressive foreclosure practices.

It was sold to CIT Group in 2015 in a lucrative deal

@grumpasaurus @blogdiva

Mr #Mnuchin returned to banking during the financial crisis, gathering a group of investors including hedge fund bigwigs George #Soros and John @Paulson, private equity investor Christopher #Flowers and computer mogul Michael #Dell to buy failed mortgage lender #IndyMac.

The bank, renamed #OneWest Bank, returned to financial health but it became known for quickly seizing the homes of borrowers who fell behind on their mortgage payments.

In 2009, a New York judge called OneWest's behaviour "#harsh, @repugnant, #shocking and #repulsive'' in trying to foreclose on a New York family.

OneWest said it "respectfully disagreed" with the court. Two years later, protesters marched on Mr Mnuchin's Los Angeles mansion accusing OneWest Bank of aggressive foreclosure practices.

It was sold to CIT Group in 2015 in a lucrative deal

@grumpasaurus @blogdiva

Mr #Mnuchin returned to banking during the financial crisis, gathering a group of investors including hedge fund bigwigs George #Soros and John @Paulson, private equity investor Christopher #Flowers and computer mogul Michael #Dell to buy failed mortgage lender #IndyMac.

The bank, renamed #OneWest Bank, returned to financial health but it became known for quickly seizing the homes of borrowers who fell behind on their mortgage payments.

In 2009, a New York judge called OneWest's behaviour "#harsh, @repugnant, #shocking and #repulsive'' in trying to foreclose on a New York family.

OneWest said it "respectfully disagreed" with the court. Two years later, protesters marched on Mr Mnuchin's Los Angeles mansion accusing OneWest Bank of aggressive foreclosure practices.

It was sold to CIT Group in 2015 in a lucrative deal

@grumpasaurus @blogdiva

Mr #Mnuchin returned to banking during the financial crisis, gathering a group of investors including hedge fund bigwigs George #Soros and John @Paulson, private equity investor Christopher #Flowers and computer mogul Michael #Dell to buy failed mortgage lender #IndyMac.

The bank, renamed #OneWest Bank, returned to financial health but it became known for quickly seizing the homes of borrowers who fell behind on their mortgage payments.

In 2009, a New York judge called OneWest's behaviour "#harsh, @repugnant, #shocking and #repulsive'' in trying to foreclose on a New York family.

OneWest said it "respectfully disagreed" with the court. Two years later, protesters marched on Mr Mnuchin's Los Angeles mansion accusing OneWest Bank of aggressive foreclosure practices.

It was sold to CIT Group in 2015 in a lucrative deal

Med tanke på att #Mnuchin stod redo att köpa #Tiktok är det inte en gåta vem som dragit i trådarna på kongressen i #USA.

Med tanke på att #Mnuchin stod redo att köpa #Tiktok är det inte en gåta vem som dragit i trådarna på kongressen i #USA.

Med tanke på att #Mnuchin stod redo att köpa #Tiktok är det inte en gåta vem som dragit i trådarna på kongressen i #USA.

Med tanke på att #Mnuchin stod redo att köpa #Tiktok är det inte en gåta vem som dragit i trådarna på kongressen i #USA.

Med tanke på att #Mnuchin stod redo att köpa #Tiktok är det inte en gåta vem som dragit i trådarna på kongressen i #USA.

The media continues to discuss #Trump’s #criminal #indictments, and is — finally! — noticing that Trump is becoming less and less #coherent.
But why isn’t it reporting on something almost every lawmaker and journalist in official Washington knows
— that Trump is remarkably #stupid?
I don’t mean just run-of-the-mill stupid.
I mean extraordinarily, off-the-charts, #stupifyingly #stupid.

After all, he recently claimed that magnets don’t work in water, that the Civil War was unnecessary because it should have been “negotiated,” and that no one would know who Lincoln was if he hadn’t gone to war.

Still don’t believe Trump is stupid?

Consider the views of the people who worked most closely with him during his presidency.

Anyone remember when Secretary of State #Rex #Tillerson called Trump a “f—king #moron?”

Or when National Security Adviser #H.R. #McMaster called him a “#dope?”

And Treasury Secretary #Steve #Mnuchin, former White House Chief of Staff #Reince #Priebus, former White House Chief of Staff }John #Kelly, and even #Rupert #Murdoch all referred to Trump as an “#idiot?”
(Technically, Murdoch called him a “f—king idiot.”)

https://robertreich.substack.com/p/seriously-how-dumb-is-trump?utm_medium=mastodon

The media continues to discuss #Trump’s #criminal #indictments, and is — finally! — noticing that Trump is becoming less and less #coherent.
But why isn’t it reporting on something almost every lawmaker and journalist in official Washington knows
— that Trump is remarkably #stupid?
I don’t mean just run-of-the-mill stupid.
I mean extraordinarily, off-the-charts, #stupifyingly #stupid.

After all, he recently claimed that magnets don’t work in water, that the Civil War was unnecessary because it should have been “negotiated,” and that no one would know who Lincoln was if he hadn’t gone to war.

Still don’t believe Trump is stupid?

Consider the views of the people who worked most closely with him during his presidency.

Anyone remember when Secretary of State #Rex #Tillerson called Trump a “f—king #moron?”

Or when National Security Adviser #H.R. #McMaster called him a “#dope?”

And Treasury Secretary #Steve #Mnuchin, former White House Chief of Staff #Reince #Priebus, former White House Chief of Staff }John #Kelly, and even #Rupert #Murdoch all referred to Trump as an “#idiot?”
(Technically, Murdoch called him a “f—king idiot.”)

https://robertreich.substack.com/p/seriously-how-dumb-is-trump?utm_medium=mastodon

The media continues to discuss #Trump’s #criminal #indictments, and is — finally! — noticing that Trump is becoming less and less #coherent.
But why isn’t it reporting on something almost every lawmaker and journalist in official Washington knows
— that Trump is remarkably #stupid?
I don’t mean just run-of-the-mill stupid.
I mean extraordinarily, off-the-charts, #stupifyingly #stupid.

After all, he recently claimed that magnets don’t work in water, that the Civil War was unnecessary because it should have been “negotiated,” and that no one would know who Lincoln was if he hadn’t gone to war.

Still don’t believe Trump is stupid?

Consider the views of the people who worked most closely with him during his presidency.

Anyone remember when Secretary of State #Rex #Tillerson called Trump a “f—king #moron?”

Or when National Security Adviser #H.R. #McMaster called him a “#dope?”

And Treasury Secretary #Steve #Mnuchin, former White House Chief of Staff #Reince #Priebus, former White House Chief of Staff }John #Kelly, and even #Rupert #Murdoch all referred to Trump as an “#idiot?”
(Technically, Murdoch called him a “f—king idiot.”)

https://robertreich.substack.com/p/seriously-how-dumb-is-trump?utm_medium=mastodon

The media continues to discuss #Trump’s #criminal #indictments, and is — finally! — noticing that Trump is becoming less and less #coherent.
But why isn’t it reporting on something almost every lawmaker and journalist in official Washington knows
— that Trump is remarkably #stupid?
I don’t mean just run-of-the-mill stupid.
I mean extraordinarily, off-the-charts, #stupifyingly #stupid.

After all, he recently claimed that magnets don’t work in water, that the Civil War was unnecessary because it should have been “negotiated,” and that no one would know who Lincoln was if he hadn’t gone to war.

Still don’t believe Trump is stupid?

Consider the views of the people who worked most closely with him during his presidency.

Anyone remember when Secretary of State #Rex #Tillerson called Trump a “f—king #moron?”

Or when National Security Adviser #H.R. #McMaster called him a “#dope?”

And Treasury Secretary #Steve #Mnuchin, former White House Chief of Staff #Reince #Priebus, former White House Chief of Staff }John #Kelly, and even #Rupert #Murdoch all referred to Trump as an “#idiot?”
(Technically, Murdoch called him a “f—king idiot.”)

https://robertreich.substack.com/p/seriously-how-dumb-is-trump?utm_medium=mastodon

The media continues to discuss #Trump’s #criminal #indictments, and is — finally! — noticing that Trump is becoming less and less #coherent.
But why isn’t it reporting on something almost every lawmaker and journalist in official Washington knows
— that Trump is remarkably #stupid?
I don’t mean just run-of-the-mill stupid.
I mean extraordinarily, off-the-charts, #stupifyingly #stupid.

After all, he recently claimed that magnets don’t work in water, that the Civil War was unnecessary because it should have been “negotiated,” and that no one would know who Lincoln was if he hadn’t gone to war.

Still don’t believe Trump is stupid?

Consider the views of the people who worked most closely with him during his presidency.

Anyone remember when Secretary of State #Rex #Tillerson called Trump a “f—king #moron?”

Or when National Security Adviser #H.R. #McMaster called him a “#dope?”

And Treasury Secretary #Steve #Mnuchin, former White House Chief of Staff #Reince #Priebus, former White House Chief of Staff }John #Kelly, and even #Rupert #Murdoch all referred to Trump as an “#idiot?”
(Technically, Murdoch called him a “f—king idiot.”)

https://robertreich.substack.com/p/seriously-how-dumb-is-trump?utm_medium=mastodon

How would a #Mnuchin-aligned #ideologue use #TikTok data for political gain if #ByteDance were to sell it as a result of the proposed ban that the U.S. #House passed and sent to the #Senate? How would an #authoritarian with access to that data use it?

How would a #Mnuchin-aligned #ideologue use #TikTok data for political gain if #ByteDance were to sell it as a result of the proposed ban that the U.S. #House passed and sent to the #Senate? How would an #authoritarian with access to that data use it?

How would a #Mnuchin-aligned #ideologue use #TikTok data for political gain if #ByteDance were to sell it as a result of the proposed ban that the U.S. #House passed and sent to the #Senate? How would an #authoritarian with access to that data use it?

How would a #Mnuchin-aligned #ideologue use #TikTok data for political gain if #ByteDance were to sell it as a result of the proposed ban that the U.S. #House passed and sent to the #Senate? How would an #authoritarian with access to that data use it?