>> You just wanna shoot questions at me and->> The US Senate expected to confirm former Goldman Sachs banker Steve Mnuchin as Treasury Secretary Monday. Democrats who boycotted Mnuchin's approval by the Senate Finance Committee expected to vote against him. But no Republicans are joining them, setting the stage for a party line, 52 to 48 vote.
Mnuchin has come under fire for his hedge fund's 2008 acquisition of failed lender Indymac, which foreclosed on thousands of homes during the 2009 housing crisis. Mnuchin later rebranding the bank as OneWest and selling it in 2015, personally making hundreds of millions of dollars off the deal. Democratic Senator Elizabeth Warren on Friday making a last ditch effort to derail Mnuchin's nomination.
Charging he, quote, flat out lied about OneWest's use of so called robo signings. A practice in which the signing of court documents, including those for foreclosures are automated without adequate review by bank officials. Mnuchin also helped finance Hollywood blockbusters such as Avatar, American Sniper, and this past weekend's box office champ, The Lego Batman movie.
His appointment to treasury secretary signaling US President Donald Trump's trust in Wall Street bankers and other senior business executives to steer the country's economy. Trump's top economic advisor is Gary Cohn, another former Goldman Sachs executive. Mnuchin and Cohn will focus on President Trump's goals of stripping away many of the financial services industry regulations put in place by the Obama administration after the 2009 mortgage crisis and recession.