Congressman Mark Pocan

Representing the 2nd District of Wisconsin
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Rep. Pocan: Steve Mnuchin Prioritized Profits Above Livelihoods of Working Class Americans

Nov 30, 2016
Press Release

WASHINGTON, D.C. – Today, U.S. Rep. Mark Pocan (WI-02) released the following statement after President-elect Trump nominated Steven Mnuchin as Secretary of the Department of the Treasury:

“During his campaign, Donald Trump railed against Wall Street cronies for their excessive political influence, but his nomination of Steve Mnuchin, a former hedge fund manager and Goldman Sachs exec, as Secretary of the Treasury proves that his administration will be directly in the pocket of Wall Street. He capitalized on the suffering of families facing foreclosure during the financial crisis, prioritizing his own profits above the livelihoods of working class Americans.

“Mnuchin has repeatedly praised the risky tactics used by Wall Street bankers that caused the economic collapse. And he has continually targeted vulnerable populations and discriminated against minority groups in his drive to make a profit, including recently facing federal complaints over unfair lending practices.

“A man who got rich off the backs of working families during the foreclosure crisis should not be allowed anywhere near our financial regulatory system. President-elect Trump continues to show his administration only cares about the interests of Wall Street at the expense of hard-working American families.”

 

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