Elizabeth Warren: Foreclosing on Families
on Wednesday, November 30, 2016Elizabeth Warren Money Quote saying that Steven Mnuchin is a bank fox guarding the banker henhouse he raided and got richer with. Elizabeth Warren said:
![[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families Quote](https://itsamoneything.com/money/wp-content/uploads/Elizabeth-Warren-Mnuchin-Goldman-Sachs-Mortgage-Products.png)
“[Mnuchin] spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money, before he moved on to run a bank that was famous for aggressively foreclosing on families” — Elizabeth Warren
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In this quote, Elizabeth Warren is strongly criticizing Steven Mnuchin’s nomination as Treasury Secretary. Some key points:
- She says Mnuchin’s selection should “send shivers down the spine” of Americans hurt by the financial crisis, as he worked for a bank involved in foreclosures.
- Warren argues this shows Trump has no plans to “drain the swamp” and reform Washington as he claimed, but rather wants to “run Washington to benefit himself and his rich buddies.”
- By appointing Mnuchin, who profited from the crisis, she feels Trump is not representing average Americans but wealthy elites.
- Overall, the quote paints Mnuchin as the wrong choice and a sign that Trump plans to look out for the rich, not fix corruption as he promised, in Warren’s view.