Lucas,
a bombshell news report has revealed that California prosecutors believed
Steven Mnuchin, Trump’s pick for treasury secretary, and his company
may have been
responsible for “widespread misconduct” and violations of foreclosure law.
The latest report comes on top of long-standing reports that Mnuchin,
the former Goldman Sachs partner known as the “foreclosure king,”
profited handsomely off the financial crisis by foreclosing on thousands of elderly homeowners.
Mnuchin was already one of the worst of the slimy “swamp monsters”
Trump has handpicked for major roles in his administration.
We need to seize on the momentum from this report to make Mnuchin’s
nomination a major black eye for this corrupt administration.
Sign the petition from CREDO and Daily Kos to the Senate: Block “foreclosure
king” Steve Mnuchin.
Mnuchin’s company once changed the locks on one Minneapolis homeowner
in the middle of a blizzard. It even took a 90-year-old woman’s
home because
she owed 27 cents. Mnuchin made a huge profit by buying up IndyMac, a mortgage lender, changing
the name to OneWest and then targeting homeowners for foreclosures. Mnuchin
later sold OneWest for nearly twice what he paid for it, profiting from
economic pain.
Under Mnuchin, OneWest ran a foreclosure mill responsible for nearly 40
percent of the reverse-mortgage foreclosures in the country even though
it had just 19 percent of the market. Shady lenders made grand promises
to sell elderly homeowners on risky reverse mortgages, and Mnuchin then
swooped in to take their homes when Wall Street’s fraud was exposed
and the economy collapsed. OneWest reportedly engaged in illegal “robo-signing”
– falsifying documents – to kick people out of their homes.
According to the latest report based on a leaked memo from the California
attorney general’s office, OneWest faked paperwork to avoid delays
that would give homeowners time to save their homes, included backdating
paperwork to before the company even existed.
Steve Mnuchin
says he is “proud of his record at OneWest.”
We need to let Republicans know voters disagree – and give Democrats
the backbone to fight his nomination tooth and nail.
Tell the Senate: Block “foreclosure king” Steve Mnuchin.
As happened so many times at the federal level, the California attorney
general’s office did not end up pursuing charges against Mnuchin
and has not offered an explanation. Regardless of the California accusations,
Mnuchin’s overall record of mass foreclosures on struggling Americans
is beyond doubt.
A former Goldman Sachs banker and hedge fund manager termed the “foreclosure
king” is the last thing we need at a time when Wall Street already
has too much power.
The more resistance we can mount to Mnuchin, the clearer it will become
to endangered Republicans and even former Trump voters that talk of “draining
the swamp” was just a cover for a radical agenda that benefits the
super-rich.
Tell the Senate: Block “foreclosure king” Steve Mnuchin.
Thank you for speaking out,
Murshed Zaheed, Political Director
CREDO Action from Working Assets
Daily Kos, PO Box 70036, Oakland, CA, 94612.