Home » U.S.

Trump's Treasury pick failed to disclose Cayman funds

15 February, 2017, 00:45 | Author: Eddie Kim

The Senate continued pushing through President Donald Trump's Cabinet Monday by backing financier Steven Mnuchin to be secretary of the Treasury, despite howls from Democrats who characterized the producer of such Hollywood fare as "Batman v Superman: Dawn of Justice" as a villain who feasted on unfair foreclosures.

"He'll work 24 hours a day, I know him". Wall Street Journal staffer Nick Timiraos reports that Mnuchin is now in position to advance President Donald Trump's plans to revamp financial regulation and the USA tax code.

"To all citizens I say, Steven will be your champion, and a great champion", he said.

Senator Joe Manchin of West Virginia was the only Democrat to vote in favour of Mnuchin. Mnuchin, known to most Americans as the man who foreclosed on thousands of people's homes in the wake of the crash, also failed to reveal his position as a director of an investment fund here in the Cayman Islands.

Shortly after his confirmation, Mnuchin was sworn in the Oval Office where Trump hailed his track record and called him a "financial legend".

But supporters of the new Treasury secretary maintain that as a political outsider with years of business experience - much like the president himself - Mnuchin's appointment fulfills Trump's campaign promise to "drain the swamp" of Washington insiders.

Angry Bilic says referee was bad after West Ham denied
I calmed myself down these last few years but now I can't get over this . It would be a great thing for him and a great thing for the club.


Mark Warburton resigns as Rangers manager
As you can imagine it prompted much speculation about what was actually happening, from hacked websites to disgruntled employees. Rangers' agreement to waive compensation would assist the management team to join another club.


Somalia beefs up security ahead of presidential vote
Instead, some 14,000 elders and regional figures chose 275 members of parliament and 54 senators to decide the election. In a short speech, the new president said , "This victory belongs to the people of Somalia".


Though Mnuchin hasn't garnered the same public opposition that Betsy Devos and Jeff Sessions received, Democrats within the Senate have demonstrated firm resistance to his confirmation.

But Senate Democratic leaders still looked to score some points before Mnuchin's vote. GOP chair won't seek Trump tax returns Senate confirms Mnuchin as Treasury secretary MORE (D-W.Va.) was the only member of his party to side with Republicans and vote in favor of Mnuchin's confirmation. Debbie Stabenow, D-Mich. "OneWest was notorious for taking an especially aggressive role in foreclosing on struggling homeowners".

"He will ensure that Wall Street plays by the rules ...most of all for the American worker..."

At the Senate Finance Committee, where Mnuchin was confirmed, the 54-year-old was scrutinised about his time at Goldman and OneWest, where he was accused of running an aggressive foreclosure policy labelled a "foreclosure machine".

"At Goldman Sachs, I had tremendous experience in both the financial markets and in technology - I think both of those are very important things and expertise for a Treasury secretary to have", Mnuchin said during his January 19 confirmation hearing.

Recommended:

  • Nuggets destroy Warriors at their own game

    Barton drove to the basket and connected on a floater as the Nuggets reeled off a quick-fire 8-0 run to put the game out of reach. Stephen Curry had one of the worst games of his career, shooting 1-of-11 from deep while clanking a number of excellent looks.
    Donald Trump's Home Line Dropped From Sears & Kmart For Poor Sales

    Donald Trump's Home Line Dropped From Sears & Kmart For Poor Sales

    Neither Sears nor Kmart carried the Trump Home products in their retail stores, a Sears Holdings Corp spokesman said. Sears and Kmart said they stopped selling online 31 Trump Home items, including furniture, lighting, and bedding.

    Melania Trump Settles Lawsuit With Maryland Blogger

    Both the Daily Mail and Tarpley retracted their posts in late August after they were contacted by Trump's attorneys. The lawsuit alleges the potential loss of business for Melania is estimated to be upwards of $150 million.
  • Muscular dystrophy drug cost escalates to $89000 per year

    This voucher can be used to get a drug reviewed faster; it can also be sold to other company for hundreds of millions of dollars. Marathon said that as of now just around seven to nine percent of those afflicted with Duchenne have access to deflazacort.

    Northeast storm blamed for one death and massive gridlock

    Officials said they have not made a decision on whether to shut the Long Island Expressway, the main roadway on the island. The winter blast comes a day after much of the Northeast saw spring-like weather, with temperatures of 50 to 60 degrees.

    Final Fantasy XV's Spring Update Content Trailered

    Final Fantasy XV has a very capable engine but it is limited by the hardware used in consoles. He confirmed that Episode Ignis will be the last DLC coming from Square Enix.
  • Semi-truck crushes Wyoming cop cruiser in viral video

    The WHP shared the video to help people understand how important it can be to heed high wind warnings and advisories. Strong winds are to blame for a semi truck that smashed a Wyoming State Trooper's vehicle last week along I-80.
    Jamie Dornan's new erotic Fifty Shades instalment panned by critics

    Jamie Dornan's new erotic Fifty Shades instalment panned by critics

    According to Just Jared , theater-goers will get to watch a 10-second clip of the third and final movie, Fifty Shades Freed . Yes, there was a post-credits scene after " Fifty Shades Darker " and it was fantastic .
    UFC 208's Derek Brunson on How Christian Faith Impacts Career (Exclusive Interview)

    UFC 208's Derek Brunson on How Christian Faith Impacts Career (Exclusive Interview)

    The 145-pound weight class now lacks depth, but more women may follow Holm and de Randamie from bantamweight. "It's not the same". Randamie, however, had other plans as she fought off the ropes and knocked out Waes in the process.
  • DeVos Brings a Fresh Approach to Education

    DeVos Brings a Fresh Approach to Education

    The chances you will be watching are bested only by the chances a grizzly bear walks into your kid's school today. It was the first time in history the Vice President was called to break a tie on a cabinet nomination.

    Sargento Recalls Select Sliced, Shredded Cheese Products

    There have been no known illnesses reported to the company due to the products affected by the recall, the company says. Sargento Sliced Colby-Jack Cheese, 12 oz., UPC 4610000109 with sell-by date of 11JUN17B.

    Several dead after landslides in Indonesia's Bali

    The agency said more heavy rains are likely and people should be aware of the possibility of landslides and floods. As of Friday, the count of people injured in the landslide is at four, said Bangli BPBD director I Wayan Darmawan.


Popular

Sexy Felon Jeremy Meeks Modeled at New York Fashion Week
The hold-up? Madonna - who, according to the Hollywood Reporter , didn't show until 10:15 p.m. or so. Among those onlooking from seats lining the runway were Kylie Jenner, Paris Hilton and Madonna .

Toshiba mulls sell off all of chip business
In England, Toshiba's announcement that it would withdraw from nuclear construction contracts outside of Japan hasn't played well. Toshiba confirmed today that it will take a $6.3 billion hit thanks to its problematic US-based nuclear construction business.

Delhi Police recover Nobel replica, three held
However, the police noted that the citation was not among the items recovered from Vinod (35), Sonu (28) and Rajan (25). The burglars had fled with the replica, the citation and ornaments, which are of sentimental value to the family.

Adams: Thunder discusses distraction of Durant return
The big three were surprise additions after they were reportedly out for this game, but they- by they I mean Kyrie- put on a show. Ilyasova was the only starter in double figures with 16 points for Philadelphia, which snapped a five-game losing streak.

MPs back Brexit bill
In theory, the Lords, who are unelected, can not oppose a measure that enjoys large parliamentary and clear public support. It must now go the House of Lords before Mrs May can invoke Article 50, which she has promised to do by the end of March.

'The Crown' Adds Michael C Hall & Jodi Balfour As Jack & Jackie Kennedy
Season two is now in production and will usher in the 1960s after Her Majesty's Armed Forces fight an illegal war in Egypt. He's certainly the first who once played a serial killer for eight seasons.

Warren sanctioned for impugning Sessions during attorney general debate in Senate
Sessions has used the awesome powers of his office in a shabby attempt to intimidate and frighten elderly black voters". Warren appealed the ruling, arguing she was simply quoting something another person had written about Sessions.

Large Buying Action and Inflow of Money Witnessed in Walt Disney Company
The company's distance from 52-week high price is -2.16% and current price is above +28.95% from 52-week low price. Some analysts have warned, too, that DIS results have a high hurdle to jump on a year-over-year comparison.

Tesla P100D Breaks Acceleration Record
It costs about $135,000 compared to a $1.5 million Ferrari LaFerrari, $1.1 McLaren P1 or the $845,000 Porsche 918 Spyder. Musk noted you could shave another couple hundredths off the time by taking out the floor mats and trunk liner.

Matsuyama continues hot form in Phoenix
Simpson's drive on the 332-yard hole ended up on the right edge of the green, with a bunker blocking his path to the hole. He said, "I don't know if I played that well, but I won". "But during the playoff, I did hit some good putts".