Warren Slams Trump’s Pick for Treasury

Sen. Elizabeth Warren on Wednesday accused President-elect Donald Trump of running his administration “on bigotry and Wall Street insiders’ trickle-down economics.” Warren took particular issue with Trump’s appointment of Stephen Mnuchin to lead the Treasury, a move which many say is at odds with Trump’s campaign rhetoric. Despite Trump’s promises to “break the connection between Wall Street and this Congress,” she said, he chose a man who “had actually been one of the people who helped do all of those lousy mortgages that not only broke the economy, but broke millions of families.” Trump’s Treasury pick, Mnuchin, is “a guy who turned around and bought a bank that then became infamous for how hard it squeezed families that had already been cheated,” she said. “What Donald Trump is doing is he's literally handing the keys to the Treasury over to a Wall Street banker who helped cause the crash,” she said on CNN. Mnuchin, 53, is a former Goldman Sachs partner, hedge-fund manager, and Hollywood financier. He has said his top priorities would be to overhaul the federal tax code, roll back some financial regulations, and review trade agreements.