Showing posts with label Mnuchin. Show all posts
Showing posts with label Mnuchin. Show all posts

Monday, December 23, 2019

Secretary of the Treasury "misplaces"​ $1.5 Trillion in $100 bills....


In an interview on Fox Business News, the current Secretary of the Treasury, former Goldman Sachs partner Steven Mnuchen, indicated that $1.5 trillion worth of $100 bills recently "disappeared." In explaining how this money vanished, Mnuchen said: "Literally, a lot of these $100 bills are sitting in bank vaults all over the world."

This explanation is beside the point and impossible to verify, of course, making it highly unlikely to be true.

Mnuchin, you will recall, came to Washington with a firmly established reputation for unethical behaviour. In 2009, he took "over California’s IndyMac bank, shut down amid the 2008 foreclosure crisis by the Federal Deposit Insurance Corporation (FDIC). Bought for $13.9 billion (but only $1.3 billion in actual cash), Mnuchin turned it into a genuine foreclosure machine" and became known as the Foreclosure King. His bank "carried out more than 36,000 foreclosures, tossing former homeowners (including active duty military servicemen and women) onto the street without hesitation or pity by any means necessary. According to a memo obtained by investigative reporter David Dayen, OneWest, the new name for Indybank, rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions."

The bank was also cited for "reportedly foreclosing on a 90-year-old woman, Ossie Lofton, who owed the bank 30 cents but sent a check for 3 cents."

The theft would be the biggest in US history, and would go a long way toward explaining the fierce loyalty we have seen on the right, since a cache of $1.5 trillion in $100 bills would be enough to pay every republican member $50 million. It is also consistent with the general level of executive branch criminal behavior recently observed.

It turns out a foreign country may no longer be funding this fraudulently elected administration.

You are.