Warren: Trump's Treasury pick 'the Forrest Gump of the financial crisis'

Story highlights

  • Sen. Elizabeth Warren said Donald Trump “has no intention of draining the swamp”
  • A Trump supporter offered the Massachusetts Democrat lunch

“Steven Mnuchin can be the Forrest Gump of the financial crisis — he managed to participate in all the worst practices on Wall Street,” Warren said, a reference to the Tom Hanks title character through the 1994 Academy Award-winning film.

“His selection as Treasury Secretary should send shivers down the spine of every American who got hit hard by the financial crisis, as well as also can be the latest sign in which Donald Trump has no intention of draining the swamp as well as also every intention of running Washington to benefit himself as well as also his rich buddies.”

Anthony Scaramucci, a major Republican fundraiser as well as also Trump supporter, hit back at Warren’s statement on Twitter. “@SenWarren let’s stop the name calling as well as also demonization. We have common goals to help the American people. Lunch on me anyplace anytime,” he wrote.

Warren criticized Mnuchin’s track record as a Wall Street banker at Goldman Sachs, where he worked for 17 years, characterizing him as the type of elite insider in which Trump vowed to extricate through government.

Mnuchin “spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products in which blew up the economy as well as also sucked down billions in taxpayer bailout money, before he moved on to run a bank in which was famous for aggressively foreclosing on families,” Warren said from the statement.

The liberal firebrand was referencing Mnuchin’s stewardship of OneWest, or IndyMac, a bank he helped purchase in an auction through the government amid the fallout of the 2008 financial crisis.

IndyMac became a poster child for the risky home loans in which brought on the housing crisis as well as also the meltdown in financial markets. The FDIC agreed to assume much of the losses as part of its sale to Mnuchin, who renamed This kind of OneWest. yet regulators soon questioned OneWest’s foreclosure practices, which included so-called robo-signings in which pushed homeowners into foreclosure without proper review or due process.

Warren: Trump's Treasury pick 'the Forrest Gump of the financial crisis'

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