Donald Trump’s pick to lead the Treasury Department is defending his handling of thousands of foreclosures during the height of the financial crisis.
Steven Mnuchin says he worked hard to assist homeowners to refinance so they could keep their homes.
Mnuchin says in his prepared testimony to the Senate Finance Committee that he’s “been maligned as taking advantage of others’ hardships in order to earn a buck” and that nothing could be further from the truth.
The committee’s top Democrat, Oregon Sen. Ron Wyden — is scolding Mnunchin for running a bank that “put more vulnerable people on the street faster than just about anybody else” as it foreclosed on borrowers’ homes.
Critics have cited the bank’s foreclosure policies under Mnuchin as a prime example of the kind of Wall Street greed that Trump campaigned against.
The Associated Press wrote this report.