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[100][101] Linton's announcement of her role at Dune Entertainment drew the attention of Senator Ron Wyden [D-Oregon], a member of the Senate Finance Committee, who questioned whether the appointment of Linton meant Mnuchin had fully divested from the company. [70] On June 14, during a prepared testimony ahead of the House subcommittee on State, Foreign Operations and Related Programs, Mnuchin said the budget proposal on the part of the Trump administration "should send a message that the international financial institutions need to operate more efficiently". He changed the name to OneWest Bank and rebuilt the bank, then sold it to CIT Group in 2015. Although the request for travel on the military jet was initiated by Mnuchin's office, the aircraft had previously been used to fly Transportation Secretary Elaine Chao from Joint Base Andrews to Teterboro Airport. [82] However, on November 30, 2017, sources within the Treasury department said Mnuchin had ordered no analysis of the tax plan and that there was no Treasury analysis that showed that the tax cuts would pay for themselves. [23], Mnuchin's first job was as a trainee at investment bank Salomon Brothers in the early 1980s, while still studying at Yale. [17], The New York Times noted that Mnuchin's selection "fits uneasily with much of Mr. Trump's campaign attacks on the financial industry".

[110] The typical reimbursement paid by requesting federal executive agencies covers only the cost of an equivalent coach ticket on a commercial flight. [119] Vice President Mike Pence presided over the ceremony. "[72], Mnuchin is a member of the so-called "Big Six", a group of politicians convened to write a tax reform proposal that incorporated input from members of the House of Representatives, Senate, and White House. [57] After Trump won the election, he announced that Mnuchin would join the transition team on November 11. From Releasing Video of Students Heckling Him", "Hecklers hiss, call Mnuchin 'bulls-t' during moderated talk at UCLA", "Trump's Treasury Secretary Pick is a Lucky Man. [68] Others responded to Mnuchin, noting that thousands of economists with PhDs had signed a letter calling for taxation of carbon dioxide emissions. [83][84], In May 2018, Mnuchin instructed his staff to accept a non-low-income tract in Storey County, Nevada, as an Opportunity Zone shortly after attending a Milken Institute event in Beverly Hills with Michael Milken. [12], After he left Goldman Sachs in 2002, Mnuchin briefly worked as vice-chairman of hedge fund ESL Investments, which is owned by his Yale roommate Edward Lampert. [109], In the report, the OIG reviewed nine travel requests by Mnuchin for military air transportation since March 2017, of which seven were approved and taken, one was withdrawn, and one was approved with travel pending in late October 2017. Mnuchin is the third former Goldman-Sachs executive to serve in the job, after Hank Paulson, under President George W. Bush, and Robert Rubin, under President Bill Clinton, in the 2000s and 1990s, respectively. [35][34] After the acquisition by CIT, Mnuchin remained at OneWest, and became a member of CIT Group's board of directors. Compounding growth will help ease projected shortfalls.

[14] Robert Mnuchin was a partner at Goldman Sachs in charge of equity trading and a member of the management committee. [66] Fortune columnist Alan Murray, noting the dispute, said he thought "the core of the misunderstanding is the term 'artificial intelligence'".
Mnuchin's return flight lasted less than an hour and had an operating cost of at least $25,000. [113], The university said in a statement that Mnuchin, who at first "subsequently withdrew" his approval for the video to be posted online, later gave consent for the video to be published.

During his time as OneWest CEO and Chairman, the bank became embroiled in several lawsuits over questionable foreclosures. [28][121], 77th and current United States Secretary of the Treasury, Purchase of IndyMac and other loan portfolios, 2016 presidential campaign of Donald Trump, CS1 maint: BOT: original-url status unknown (, United States Department of Housing and Urban Development, Syrian Scientific Studies and Research Center, Citizens for Responsibility and Ethics in Washington, List of people and organizations named in the Paradise Papers, "Here's What Each Member of Trump's $4.5 Billion Cabinet Is Worth", "Treasury Secretary Steve Mnuchin goes one-on-one with CNBC", "Do You Think Donald Trump Is Ready for a Real Financial Crisis? [14][15] Mnuchin's great-grandfather, Aaron Mnuchin, a Russian-born diamond dealer who later resided in Belgium, emigrated to the U.S. in 1916.

[117][118] After he bought IndyMac, Mnuchin moved to a 21,000-square-foot (2,000 m2), $26.5 million house in Bel Air, Los Angeles, California, because the company's headquarters was in Pasadena. [96] Mnuchin responded by saying: "While I find it hard to believe I should have to defend myself on this, or the president, I feel compelled to let you know that the president in no way, shape, or form, believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways. [17] In the statement, Trump called Mnuchin a "world-class financier, banker, and businessman", and he said Mnuchin played an important role in developing his "plan to build a dynamic, booming economy". [106][107], During the OIG's investigation into Mnuchin's use of government aircraft, it was revealed that Mnuchin had requested a military jet for his honeymoon travel to Europe in June 2017. [85] Milken was already an investor in the Nevada tract. He is also the founder of an art gallery in New York City, the Mnuchin Gallery.


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